BlackHawk Industrial, a top distributor of metalworking and other mission-critical industrial products, recently announced the acquisition of Stock’d Supply.
Stock’d Supply — a provider of fasteners, technical threads, and industrial products — will add to BlackHawk’s supply and technical offerings.
Founded in 1979, Stock’d is a well-respected supplier of fasteners, technical threads, and other industrial products — distinguishing itself as a value-added technical service provider. The company is headquartered in Chattanooga, Tennessee, along with its seven other locations in Chicago, IL, Franklin, IN, Lincoln, NE, Louisville, KY, Mocksville, NC, Rock Hill, SC, and Yankton, SD.
“BlackHawk and Stock’d are a perfect combination, and I can’t wait to leverage our strengths to provide increased product offerings and deliver world-class customer service,” said Keith Shope, CEO of Stock’d Supply. “The 101 valued employees at Stock’d will become part of BlackHawk’s industry-leading operating system and have the opportunity to do remarkable things in the future because of this partnership.”
The Stock’d Supply operation is expected to be an exceptional fit for BlackHawk, expanding its national footprint and increasing proximity to customers with a common product offering and strong focus on technical service.
BlackHawk is accelerating its acquisition activity and bolstering its capabilities by aggressively growing in recent months. Today’s acquisition is just one of several pieces of BlackHawk’s strategy to build the only distributor who is truly, “Big Enough to Serve and Small Enough to Care.”
“The BlackHawk acquisition strategy continues to be fueled by our number one priority of saving our customers money and being a catalyst for their success,” said president and CEO of BlackHawk Industrial, John Mark. The addition of the Stock’d team of experts will help power BlackHawk’s promising organic and inorganic revenue growth, broaden our customer base, and offer new and comprehensive services unlike anything we have done in the past.”
BlackHawk is intent on building more value for industrial manufacturers by expanding into relevant geographic markets to reach more production facilities. The company is expanding its line card to provide more of the products and services end-users value and investing in new sales channels that 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, it delivers value through product and supply chain performance that lowers the total cost of production.
The financial terms of the transaction were not disclosed. CIBC U.S. Middle Market Investment Banking acted as exclusive financial advisor to Stock’d Supply in this transaction.
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Filed Under: Fastener industry news
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