Industry: Tooling Distributer
Location: St. Louis, MO
The DVS Group’s Role: Buyside Representation
With a Banking and Business Ownership Background, Scott Moseley Knew His Business Type
Scott Moseley, a former bank CEO, set his sights on the risks and rewards of business ownership. In 2018, he purchased his first company, KC Supply, from The DVS Group and experienced enormous early success. Four years later, Moseley was ready for a follow-on acquisition, and he knew exactly what he wanted.
Scott Special Tools checked nearly all the boxes for Moseley. Between its nearly 80-year history in the industry and a renowned reputation, Scott Special Tools was Moseley’s ideal encore deal.
It’s Never Been About a Quick Sale for Scott Special Tools}
St. Louis-based Scott Special Tools is a tooling distributer serving the Midwest since 1944. Through impeccable customer service and unmatched industry knowledge, the company’s team cultivates relationships with customers, some dating back half a century. Their employees’ goal has always been to create life-long partnerships, rather than make quick sales. And, their customers know this.
That reputation meant a lot to Scott Special Tools’ owners. When it came to finding the right buyer, they looked beyond the purchase price. They wanted a buyer who could maintain the company’s hard-earned market position and guide the business through another 80 years.
Given Scott Moseley’s success with KC Supply and his evident passion to preserve the reputation of and grow Scott Special Tools, the sellers knew he was a great fit as their buyer.
Scott Moseley explains, “The process was similar to my first purchase. From the initial call with the sellers, all during due diligence, and through the closing, Sam Taets from DVS was there to explain the process to the sellers, keep the bank and the attorneys up to date, and move the process along. Scott Special Tools is comparable to KC Supply in that they are both distributers and it fits nicely in my wheelhouse, adding diversity to my personal portfolio. The sellers remain with the company to facilitate the transition and were equally happy with the way that Sam helped educate them during the process. I’d highly recommend using DVS to find a company if you’re interested in buying or selling.”
The Deal:
The transaction closed on June 30, 2022.