BlackHawk Accelerates Growth With Acquisition of Stock’d Supply
Expands BlackHawk’s national footprint and distribution capabilities
TULSA, Oklahoma – BlackHawk Industrial Distribution, Inc., a distributor of metalworking and other mission-critical industrial products, announced today the acquisition of Stock’d Supply (“Stock’d”). The acquisition includes Stock’d headquarters 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.
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 Stock’d Supply operation is 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.
President and CEO of BlackHawk Industrial, John Mark said, “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. 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 and Stock’d are a perfect combination, and I can’t wait to leverage our strengths to provide increased product offerings and deliver exceptional 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.”
BlackHawk is intent on building more value for industrial manufacturers by expanding into relevant geographic markets to reach more production facilities; expanding its line card to provide more of the products and services end-users value; and investing in new sales channels which it believes will improve the effectiveness of its technical sales resources.
Financial terms of the transaction were not disclosed. CIBC US Middle Market Investment Banking acted as exclusive financial advisor to Stock’d Supply in this transaction. Simpson Thacher & Bartlett acted as legal counsel to TruArc Partners.
About BlackHawk Industrial
BlackHawk Industrial is an industrial distributor, focused on metalworking such as carbide cutting tools, abrasives, and saw blades. They also provide a full line of MRO, industrial fasteners, and packaging products. BlackHawk has the expertise and capability to provide custom industrial vending solutions and creative design, build, and supply chain solutions. The highly technical sales staff strives to deliver world-class service and cost savings across the customer’s production floor.
