Ron Ortiz and Reliant Equity Investors acquire Nupla Corporation

September 2007 - Reliant Equity Investors teams with industry veteran Ron Ortiz to form Specialty Tools, Inc., a vehicle created to acquire branded manufacturers of premium hand tools targeted towards the professional user. The company’s first acquisition is Nupla Corporation.

Nupla Corporation, founded in 1938 in Los Angeles, California, is a manufacturer of premium, high-grade, fiberglass striking and digging tools for the professional user.

"Nupla is a well-known brand that represents quality. This strong foundation, coupled with the experience and expertise of Ron Ortiz, positions Nupla strongly for future growth" says Gordon C.C. Liao, Vice President at Reliant Equity Investors.

Mr. Ortiz, who is also an investor in Specialty Tools, Inc. and will serve as Chief Executive Officer, has more than 20 years of full P&L industry experience. Commenting on the transaction, Mr. Ortiz said, "I am thrilled to work with Reliant Equity to fulfill our mutual vision of creating a portfolio of brands to serve the professional hand tool industry. Nupla, which celebrates its 70th year in 2008, is a great start toward accomplishing that goal."

In order to continue its growth, Reliant Equity Investors and Specialty Tools seek add-on acquisitions in the professional tools space.