Headquarters: Des Plaines, IL
2017 revenue: $305,907,000
16:17 Change: 10.6%
2016 Revenue: $276,573,000
Key Executives: Michael G. DeCata, President & CEO; Ronald J. Knutson, EVP & CFO; Neil E. Jenkins, EVP, Secretary & General Counsel
Lawson’s strong 2017 was the result of a number of factors, according to Lawson’s president and CEO Michael DeCata.
“The fundamentals of our business continue to get stronger. Our improved financial performance has been driven by the investments that we’ve made over the past several years that have allowed us to take advantage of the improving MRO marketplace,” said DeCata.
Among those investments was last year’s acquisition of Bolt Supply House, a Canadian distributor of high quality fasteners, power tools and industrial MRO supplies.
“This acquisition, being our largest to date, was an important step in pursuing our growth strategy of acquiring companies that significantly add to our revenue and leverage our infrastructure to drive earnings,” said DeCata.