In 1912 the Western New England magazine published a short profile of the company, its new factory and their manufacturing capabilities:

"Mr. A. D. Goodell, president of the Goodell Tool Company, has long been an inventor, as well as a practical mechanic.  He has invented and perfected many important tools some of which were put on the market before 1893 when in a small way, in company with his son, F. A. Goodell, they started in business for themselves, renting room and power of the H. H. Mayhew Company. Mechanics' tools have been specialized on, and a business built up which compelled them to seek larger quarters in 1904.

The factory which they then bought of J. R. Foster stands beside the B. & M. tracks with excellent shipping facilities. Some forty or fifty men are now employed, and the business continues to increase. Recently, thoroughly up-to-date appliances have been added indicating conclusively the attention the management always pays to keeping abreast of the times.

Since the electric power supply has been available several motors have been installed to supersede water wheels. Then, too, individual sanitary wash bowls, with faucets for both hot and cold water, also individual steel lockers for clothing, have been supplied. On each floor of the factory are sanitary, bubble drinking fountains."

After repairs and adaptations Albert D. settled in the new factory and immediately plunged into new tools designs.  His son, Frederic A., concentrated on production.⁽⁴⁵⁾

On April 4th, 1907, Albert D. Goodell incorporated the Goodell Tool Company in Buckland, MA.  He became the president and treasurer and Francis R. Pratt, a superintendent from a H. H. Mayhew Co., assumed the position of vice-president.⁽⁴⁶⁾

In another source, the following description of Albert's business said:

"Until his death, one of the Goodells was actively identified with the Goodell Tool Co., of Shelburne Falls, in which the Goodell-Pratt Company was a large owner, and the sale of whose products it controlled.^"(47)

This description requires a few comments.  It is clear that decision to move back to Shelburne Falls was rather hasty and Albert D. was ill-prepared.  It looks like he didn't have a place in mind to move into and it is possible that his financial situation was rather poor.  He turned to an old ally, H. H. Mayhew Company and rented space there to start his own shop.

H. H. Mayhew Company was a familiar ground for Albert D. Goodell.  When he started Goodell Brothers with Henry E. in 1888, the Mayhew Co. provided sale services for the brothers.  At the time, the superintendent of H. H. Mayhew Co. was Francis Roscoe Pratt.  William M. Pratt, his son, was now employed with H. H. Mayhew Co. as the secretary and was familiar with the Goodell Brothers' story through his father.

In November, 1894 Albert D. had an opportunity to establish his own shop and needed capital to do that.  I believe it is at this moment that Francis R. Pratt and William W. Pratt offered to help in exchange for partial ownership of the business.  The offer seemed to be right and timely and Albert D. accepted it.  The transaction was struck and Albert D. became a happy owner of his own shop.  He could begin his development and production work.

This was also the first step for William M. Pratt toward his own business – the Goodell-Pratt Company.  The next step was dealing with Goodell Brothers Co. and Henry E., but this was still in the, not too distant though, future. 

In 1894 or the beginning of 1895 Albert D. began work on improvements to the miter box - a job contracted by Millers Falls Co.  This was the second time he worked on miter boxes for Millers Falls Co.  The first time was in 1879, when Albert D. helped with the redesign and improvements in miter boxes, working together with D. C. Rogers of Langdon Mitre Box Co.  This time the application was filed in April, 1895 and patent No. 544,092 was issued on August 6, 1895.

Albert D. was not a stranger to working on designs or patents for third parties.  In 1879, while working for Millers Falls Co., he developed a Machine for Re-cutting Wagon Axels, patent No. 222,820.  It is possible that he developed this tool for one of the wagon-repair shops in the area.

At the same time Albert D. and Henry E. began working on a new tool for Goodell Brothers Co.  This work began even before Goodell Brothers' incorporation and William M Pratt formally joining the company.  This suggests that the talks about the incorporation of Goodell Brothers, possibility of Pratt joining the company and baseline arrangements were already in progress in 1894.