Blackhawk Industrial Acquires 2 Chicago Businesses - Modern Distribution Management

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Blackhawk Industrial Acquires 2 Chicago Businesses

The distributor has acquired Chicago Hi-Speed Tool & Supply and Quaker Tool Grinding.

BlackHawk Industrial, Broken Arrow, OK, has acquired two Chicago businesses: Chicago Hi-Speed Tool & Supply and Quaker Tool Grinding.

Chicago Hi-Speed is an industrial distributor of cutting tools, abrasives, fluids and engineered products along with a wide variety of MRO supplies. Chicago Hi-Speed has been serving end-user customers in the metalworking industry since 1951. Quaker Tool has built and reconditioned special tools for manufacturers since 1946.

With the acquisition of Chicago Hi-Speed, BlackHawk broadens its geographical footprint and sales penetration in the Chicago and Illinois marketplaces. The additional field-sales talent at this location further strengthens its presence in Illinois, Indiana and Iowa. Terms were not disclosed.

Chicago Hi-Speed and Quaker Tool represent the ninth acquisition of local industrial distributors by BlackHawk Industrial since the fall of 2010. This follows BlackHawk’s recent acquisition of Precision Supply three weeks ago.

BlackHawk Industrial ranked No. 26 on MDM's list of top industrial distributors.

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