Posted January 5, 2011
BlackHawk acquires Rogers Industrial Supply
BlackHawk Industrial Distribution announced the acquisition of Rogers Industrial Supply, a Fort Smith, Ark.-based industrial distributor serving the MRO marketplace.
Financial terms of the transaction were not disclosed.
Rogers Industrial is the second acquisition by BlackHawk Industrial since the company was founded in 2010 by Bill Scheller, former CEO and president of ORS Nasco Inc., and Brazos Private Equity Partners LLC, a Dallas-based private investment firm, to pursue an active buy and build strategy of industrial based distributors.
Blackhawk previously acquired Oklahoma-based Duncan Industrial Solutions. With the Rogers Industrial acquisition, BlackHawk expands its geographic footprint in the Southwest region of the U.S.
BlackHawk hopes to acquire additional U.S.-based distributors participating in the $400 billion-plus industrial distribution end market, the company said in a prepared statement.
"Rogers Industrial, led by Carl Norris, has a long history of strong customer and vendor relationships in its local marketplace which will be further enhanced as part of Blackhawk Industrial," said Scheller, BlackHawk Industrial Distribution CEO. "Rogers Industrial will also gain access to additional resources and a broader product offering to provide to its customers, including a proven integrated solution offering."
Norris will remain with the company. "Carl is well respected in the industry and currently services on the board of directors of the Industrial Supply Association and also sits on its Strategic Planning Task Force. Carl will help to continue to grow Blackhawk Industrial organically and through future acquisitions," Scheller said.
