Greater Cleveland Partnership

Minority Business Accelerator 2.5+ Client Strong Tool Lands Multimillion Dollar Deal With GE Healthcare

Published in Healthcare Mergers, Acquisitions and Ventures Week, August 1st, 2009

By diversifying its customer base with the assistance of the Minority Business Accelerator 2.5+, Strong Tool Company, has landed a three-year, multimillion-dollar contract with GE Healthcare. Strong Tool, a distributor of metalworking products and industrial supplies, formerly was focused primarily on the automotive industry, which about 55 percent of its customer base.

"The automotive industry has been taking a beating," said Strong Tool President Cedric Beckett, "so we started pursuing medical and health care-related companies." Strong Tool will provide GE Healthcare with integrated management services for a wide range of miscellaneous MRO (maintenance and repair...

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Source: Healthcare Mergers, Acquisitions and Ventures Week (2009-08-01)

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