On April 10, Tulsa, Oklahoma-based metalworking and MROP supplies distributor BlackHawk Industrial announced its acquisition of Stock’d Supply, a fastener distributor based in Chattanooga, Tennessee. Financial details of the transaction were not disclosed. BlackHawk ranked as the No. 15 MRO Industrial Distributor and No. 30 Industrial Distributor on MDM’s Top Distributors list in 2022.
Founded in 1979, Stock’d is a supplier of cutting tools, abrasives, PVF and other industrial products in addition to fasteners. Along with its headquarters in Chattanooga, Stock’d operates seven other locations across Illinois, Indiana, Nebraska, South Dakota, Kentucky, North Carolina and South Carolina.
“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,” Stock’d CEO Keith Shope said in a news release. “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 BlackHawk acquisition strategy continues to be fueled by our number one priority of saving our customers money and being a catalyst for their success,” BlackHawk President and CEO John Mark said in the release. “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 has been busy on the M&A front since it was acquired by private equity firm Snow Phipps in September 2018. Since then, BlackHawk has made 16 acquisitions, including seven in 2022 — most recently adding Akron, Ohio-based L.A. Tool and Supply in November and Schofield, Wisconsin-based Thomas Industrial Supply in December.