Patent ID: 7789229

Claim:
A magnetic tool holder, comprising: a body having an area defining a cavity, the body including an inner surface and an outer surface, the body including an open first end portion and a spaced and opposed open second end portion; a magnet disposed on the outer surface of the body; wherein the magnet is operable to releasably adhere the body to a magnetic surface; an insert, wherein the insert is operable to be received within the cavity; wherein the insert includes at least one area defining a plurality of compartments, wherein at least a portion of the insert extends substantially the length of the body; a first cap, wherein the first cap is selectively operable to releasably engage the first or second end portion of the body; and a second cap, wherein the second cap is selectively operable to releasably engage the first or second end portion of the body; wherein the first or second cap is selectively operable to engage the first or second end portion of the outer surface of the body, wherein a magnet is disposed on a surface of the first or second cap, wherein the magnet is operable to releasably adhere the first or second cap to a magnetic surface.