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In 1941, the Hilti company Maschinenbau Hilti OHG was founded by Martin (1915–1997) and Eugen Hilti (1911–1964), [3] with the opening of a mechanical workshop in Schaan, Liechtenstein. Martin Hilti was trained in mechanical engineering and automotive design at the Wismar Engineering College and was 26 at the time of founding the company.
In 1997, the equity firm Code, Hennessy & Simmons III, L.P. purchased a majority interest in the company. They re-branded it as Beacon Roofing Supply, Inc. [ 8 ] In 1998, Beacon, in an attempt to acquire successful distributors, purchased its first regional brand, Quality Roofing Supply, a Pennsylvania based roofing distributor.
Ramset powder-actuated tool. A powder-actuated tool (PAT, often generically called a Hilti gun or a Ramset gun after their manufacturing companies) is a type of nail gun used in construction and manufacturing to join materials to hard substrates such as steel and concrete.
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States. [2] Watsco was founded more than 60 years ago as a manufacturer of parts, components, and tools used in the HVAC/R industry.
Leran Gas Products was established in 1968 as a business-to-business distributor of propane gas products to the liquefied petroleum gas industry of the United States. It is the only national distributor of propane gas products such as Noritz, Tracpipe, and Marshall Excelsior. [60] Barnett acquired Leran Gas Products in 1997. [61]
In 2022, American Tire Distributors sold their Canadian operations (National Tire Distributors) to Groupe Touchette. [15] In October 2024, ATD filed for Chapter 11 bankruptcy protection for the second time, listing assets and liabilities between $1 billion and $10 billion. The company plans to sell itself to new owners in efforts to eliminate debt.