BlackHawk Industrial, an industrial distributor focused on metalworking, cutting tools, industrial fasteners, and packaging products, announced that it has acquired Cornerstone Supply in Jacksonville, Florida and two Intermountain Machining Supply locations in Meridian, Idaho and Belgrade, Montana. Terms of these acquisitions were not disclosed.
The acquisitions will help BlackHawk’s become distinguished as dominant distributor of metalworking products, cutting tools, and industrial offerings. The company also provides a full line of MRO, industrial fasteners, and packaging products.
Acquiring Intermountain and Cornerstone vastly expands BlackHawk’s capabilities across the country and further distinguishes it as a fast-growing and dominant distributor of metalworking products, cutting tools, and industrial offerings.
“Technical expertise and documented cost-savings are two pillars of BlackHawk’s ongoing success, and these transactions provide an exemplary opportunity to accelerate our position in both,” said John Mark, president and CEO of BlackHawk. “We are particularly excited about our growing global footprint, including our new locations in Florida, Idaho, and Montana. These are key areas for us, and we are increasingly focused on servicing the unique needs of clients in every community where we operate.”
Acquiring Intermountain’s two locations in the Northwest expands BlackHawk’s capacity and capabilities in the region and broadens its machining-related solutions to a wide variety of businesses across many industries.
“For more than 20 years, Intermountain delivered machining supplies and expertise to the Northwest,” said owner Greg Goetz. “Joining BlackHawk as the new Sales Manager in the region and bringing our team of 16 loyal associates not only strengthens the long-term partnerships we’ve formed over the years, but helps build new relationships needed to grow and prosper in the months and years ahead.”
While expanding in the Northwest, BlackHawk continues to broaden its presence in Florida. The acquisition of Cornerstone is its second in the Jacksonville area and its third in the state in just over a year.
“Our focus has always been on our customers and employees,” said co-owner George Ray. “We leave Cornerstone and our 15 employees in very capable hands. My wife Corrine and I are proud of what we have built over the years and are equally proud to pass the torch to BlackHawk. Having our daughter Faith stay as Operations Manager within BlackHawk makes perfect sense and reaffirms this partnership is an ideal fit.”
Today’s acquisitions are two more components in BlackHawk’s growth strategy to build the only distributor who is truly “Big Enough to Serve and Small Enough to Care.”
BlackHawk continues to create more value for industrial manufacturers by expanding into new geographic markets to reach more of its production facilities; expanding its product offering to provide more products and services that end-users value; and investing in recent sales channels which improve the effectiveness of its technical sales resources.
BlackHawk distinguishes itself as the number one choice for industrial manufacturers who need technical service and production savings. Known as the “across the production floor” partner, the company delivers value through product and supply chain performance that lowers the total cost of production. BlackHawk is an Industrial Distributor with 50 locations across the U.S., Mexico, United Kingdom, and the Philippines.
Filed Under: Fastener industry news, Tools for fastening