BlackHawk acquires Sanders Tools & Supplies
BlackHawk Industrial Distribution Inc. announced the acquisition of Sanders Tools & Supplies, a Peoria, Ill.-based industrial distributor serving the MRO marketplace.
The acquisition expands BlackHawk's geographical footprint into the Central region of the U.S. Financial terms of the transaction were not disclosed.
Founded in 1938, Sanders Tools & Supplies is a distributor of cutting tools, abrasives, and precision instruments along with a wide variety of MRO supplies serving end user customers primarily in the Iowa, Illinois and Indiana markets.
"We are excited to add the talented employees of Sanders Tools & Supplies as part of our growing family of operating divisions within BlackHawk Industrial. Sanders Tools & Supplies, led by Jim Cote, has a very long history of being a supplier of choice with strong customer and vendor relationships in its local marketplace," said Bill Scheller, CEO of BlackHawk Industrial.
Cote will remain with the company.
"Jim is well respected in our industry and in the local Peoria community. Jim currently serves on various Boards of Directors of several volunteer organizations in the Sanders' local market area," Scheller said: "We look to Jim's continued leadership at Sanders Tool and in his ability to impact the local community through very important charitable efforts which is a part of our culture. Jim has been tasked to grow the Sanders Tool Supply division of Blackhawk Industrial both organically and through future acquisitions in its local marketplace. Our goal is to add new sales and customer service resources to deepen our penetration in the local markets."
John Spinoso, former CEO and owner of Sanders, said BlackHawk will be a "true steward that would carry on what our employees have built over the years. As I looked at the culture and leadership style that BlackHawk is building, we believe it matches the direction we have found successful at Sanders Tool. In addition, I strongly believe in the vision and strategy of empowering the local commercial leaders, who intimately know their local marketplaces, customers, and employees. The team at Sanders Tools & Supplies Division will be well served under the support and structure of the BlackHawk Industrial leadership."
Sanders is the fourth acquisition of BlackHawk Industrial and follows the recent acquisitions of Oklahoma-based Duncan Industrial Solutions, Arkansas based Rogers Industrial, and Nebraska based Fuchs Machinery.
INDUSTRIAL SUPPLY MAGAZINE
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