For the third time in less than a year, Tulsa, Oklahoma-based metalworking and MROP supplies distributor BlackHawk Industrial has acquired an Ohio-based company.
BlackHawk announced Oct. 10 that it has acquired Akron-based L.A. Tool & Supply Co. Financial terms were not disclosed.
“Our number one priority is saving our customers money and being a catalyst for their success,” said John Mark, President and CEO of BlackHawk Industrial. “With L.A. Tool’s team of experts and ours, we can offer new and comprehensive services unlike anything we have done before. We are looking forward to sharing our value proposition with the Akron and Cleveland metro area and all our customers around the world. Having the talented people of L.A. Tool join BlackHawk and contribute to our ongoing success and growth is extremely exciting.”
BlackHawk has ramped up its M&A activity in recent years, and the company said it is “bolstering its capabilities by aggressively expanding to reach more customers across the country and around the world.” The company ranks No. 30 among industrial distributors and No. 15 among MRO distributors on MDM’s 2022 Top Distributors List.
The L.A. Tool deal is part of a “flurry of acquisition activity” BlackHawk has planned to expand into new industry categories and increase its product assortment, BlackHawk said.
“As it plans to continue expanding in the months and years ahead, BlackHawk Industrial is actively seeking opportunities to acquire new partners and integrate them into its industry-leading operating system,” the company said in its announcement.