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The Boston Globe

Business

Bain Capital completes $1.6 billion purchase of Apex Tool Group

Bain Capital said it completed the $1.6 billion acquisition of Apex Tool Group, a Sparks, Md., maker of industrial hand and power tools and related products.

Boston-based Bain, a private equity firm, said it bought Apex from Danaher Corp. and Eaton Corp. Apex will be run by its current management team, including chief executive Steve Breitzka, said Bain managing partner Seth Meisel.

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