Industrial distributor Hisco Inc., Houston, Texas, has acquired Kimco Distributing Corporation, a Mentor, Ohio-based supplier of products, services and solutions to the manufacturing, testing and repair industries to numerous companies in the Midwest. Financial terms of the deal weren’t disclosed.
“We are thrilled with the acquisition of Kimco,” said Hisco President Bob Dill. “The team at Kimco has a proven track record of customer service and quality products that perfectly fit the Hisco value proposition. This acquisition enables us to further expand our signature ‘fast, friendly service’ to customers throughout North America.”
PCE Investment Bankers, a financial services firm for mid-market companies, served as the financial adviser to Hisco.
“For more than ten years, Hisco has maintained a rewarding relationship with PCE,” said Bob Dill, president of Hisco. “We have trusted the PCE team to assist us with numerous transactions, and we are always pleased with the results, and this transaction is no different.”
Added Michael Rosendahl of PCE: “We are very pleased for both parties. Hisco’s business model highlights its strengths as a preferred acquisition partner. The acquisition of Kimco will further enhance Hisco’s position in the market.”