MROP products distributor and services provider Martin Inc. announced Oct. 25 that its Martin Supply subsidiary will acquire Indiana-based Quality Mill Supply, a distributor of industrial supplies and services in operation since 1944. Terms were not disclosed.
Besides its Bloomington, Indiana headquarters, Quality Mill Supply has four other locations throughout the Hoosier State: Ferdinand, Fort Wayne, Franklin and Muncie. Martin said the deal adds more than 80 new members to its headcount.
“We are very excited to have Quality Mill Supply join the Martin team,” said David Ruggles, President of Martin Supply. “Over the last 78 years the Gilbert family has built a thriving company that possesses the type of culture and reputation we look for in a potential acquisition partner. Together, we share a common mission to help companies operate better. We look forward to combining the Martin and Quality Mill teams giving us even more resources to provide world-class services and custom-tailored solutions to our current and future customers.”
Editor’s Note: David Ruggles was featured an MDM Podcast published on Aug. 23, discussing his unique perspective on digital transformation as the leader of Martin Supply and the Chairman of the Industrial Supply Association.
The deal is Martin’s fourth Indiana-based acquisition in the past 3 years. In 2021 it added Avilla-based Parker Industrial Safety; and in 2019 it added Fort Wayne-based SafetyWear and Evansville-based Marshal Safety lnc.
Evan Gilbert, President of Quality Mill Supply, is the third generation of Gilberts to run the company and became president in 2014.
“The success of our customers is our top priority and I believe there is no company better suited to carry on this focus than Martin,” Gilbert said. “I am proud of our company’s legacy and delighted that we will be joining forces with a team whose shared values and culture will ensure a smooth transition for our employees and customers.”
Martin’s most recent acquisition before QMS was Jackson, Mississippi-based Capital Bolt & Screw, announced in September 2021.