About Premier Tool Grinding
Premier Tool Grinding is a company based in Goodyear (United States) founded in 1991 by Dan Parsons and Shaun Schilling was acquired by MSC Industrial Supply in June 2024.. Premier Tool Grinding offers products and services including PVD Coating, Tool Design Consulting, and CNC Grinding. Premier Tool Grinding operates in a competitive market with competitors including Schneider Electric, Honeywell, Danfoss, Rockwell Automation and Emerson, among others.
- Headquarter Goodyear, United States
- Founders Dan Parsons, Shaun Schilling
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Sectors
Industrial Goods & Manufacturing
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Email
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Phone
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Website
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- Legal Name Premier Tool Grinding, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
MSC Industrial Supply
(Jun 24, 2024)
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Products & Services of Premier Tool Grinding
Premier Tool Grinding offers a comprehensive portfolio of products and services, including PVD Coating, Tool Design Consulting, and CNC Grinding. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Applies advanced coatings to extend tool life and durability
Offers advice on feeds, speeds, and custom tool designs
Performs automated grinding to standardize cutting tools
Funding Insights of Premier Tool Grinding
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Premier Tool Grinding
Premier Tool Grinding has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include MSC Industrial Supply. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Metalworking and MRO products and services are distributed nationwide.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Premier Tool Grinding
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Premier Tool Grinding
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Premier Tool Grinding Comparisons
Competitors of Premier Tool Grinding
Premier Tool Grinding operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Schneider Electric, Honeywell, Danfoss, Rockwell Automation and Emerson, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Energy management and automation solutions are provided globally.
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Diversified electronics and automation equipment are manufactured and supplied.
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Manufacturer of energy efficiency products
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Industrial automation and information systems are provided to global industries.
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Automation and engineering services are provided for multiple industries.
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Manufacturer of Industrial and Consumer Electric Equipment
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Premier Tool Grinding
When was Premier Tool Grinding founded?
Premier Tool Grinding was founded in 1991.
Where is Premier Tool Grinding located?
Premier Tool Grinding is headquartered in Goodyear, United States. It is registered at Goodyear, Arizona, United States.
What does Premier Tool Grinding do?
Premier Tool Grinding was established in 1991 in Goodyear, United States, as a manufacturer in the cutting tools sector. Operations focus on optimizing tool performance to lower costs per part and reduce tool usage. Design application consulting and PVD coating services are provided to clients. The company was acquired by MSC Industrial Supply Co., enhancing its regional operations in industrial supply.
Who are the top competitors of Premier Tool Grinding?
Premier Tool Grinding's top competitors include Honeywell, CG Power & Industrial Solutions and Schneider Electric.
What products or services does Premier Tool Grinding offer?
Premier Tool Grinding offers PVD Coating, Tool Design Consulting, and CNC Grinding.
Who are Premier Tool Grinding's investors?
Premier Tool Grinding has 1 investor. Key investors include MSC Industrial Supply.