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The company reported fiscal 2023 second-quarter net sales of $369.2 million, and increase of 129.4% over last year.
Akron-based L.A. Tool & Supply Co. is BlackHawk’s third acquisition in Ohio in less than a year, the company said.
Lanier serves customers through facilities in Lakeland and Savannah, Georgia, and Panama City and Lake City, Florida.
The distributor's 33.8% year-over-year sales increase in 3Q follows a 28.7% annual increase reported in this year's 2Q.
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ADS will rebrand following the acquisition, according to a news release announcing the deal.
The Canadian industrial distributor says it continued to see overall strength in its backlog, which increased to more than $558 million.
The Sonepar company also said its 500,000-square-foot Central Distribution Center in Katy, Texas, will open by the end of the year.
The research giant and consulting firm says the deal will help deepen supply chain transformation capabilities.
The all-cash transaction will be funded through Greif's existing credit facility and is expected to close by the end of the calendar year
