GWS Tool Group has acquired Intrepid Tool Industries, its first add-on acquisition in 2020. Located near Phoenix with ~100 employees and operating out of a 35,000ft2 facility, Intrepid is a leading provider of carbide, HSS, and PCD cutting tools to the aerospace sector, with a special emphasis on threaded-shank and/or brazed construction drills, reamers, and countersinks. Intrepid’s product mix and capabilities align perfectly with that of the GWS go-to-market strategy. With the addition of Intrepid, GWS further solidifies its position as the premier multi-disciplinary manufacturer of high-performance cutting tools in the marketplace today.
“Intrepid could not have been a better fit for our organization,” says Rick McIntyre, GWS’ CEO. “In addition to this investment establishing a substantial physical presence on the west coast on which to further build, their industry leading product and service portfolio is the perfect complement to our already dynamic offering. With acquisitions like Intrepid, we continue to get very close to there being nothing within the cutting tool supply chain we can’t address with some of the most precision products in the world.”
“I am very excited for Intrepid Tool to be joining GWS Tool Group,” says Bret Tayne, Intrepid Tool founder and president. “The leadership of GWS Tool Group is the most dynamic and energetic team in the industry. This combination with GWS Tool Group serves the interests of all constituencies of Intrepid Tool, from customers to vendors to employees. We are proud to be joining such a talented organization.”