BlackHawk Industrial, a distributor of metalworking and other mission-critical industrial products, has acquired Cornerstone Supply in Jacksonville, Fla., and two Intermountain Machining Supply locations in Meridian, Idaho, and Belgrade, Mont. Terms of these acquisitions were not disclosed.
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“Technical expertise and documented cost savings are two pillars of BlackHawk’s ongoing success, and these transactions provide an exemplary opportunity to accelerate our position in both,” said John Mark, President and CEO of BlackHawk. “We are particularly excited about our growing global footprint, including our new locations in Florida, Idaho and Montana. These are key areas for us, and we are increasingly focused on servicing the unique needs of clients in every community where we operate.”
Acquiring Intermountain’s two locations in the Northwest expands BlackHawk’s capacity and capabilities in the region and broadens its machining-related solutions.
“For more than 20 years, Intermountain delivered machining supplies and expertise to the Northwest,” said owner Greg Goetz. “Joining BlackHawk as the new Sales Manager in the region and bringing our team of 16 loyal associates not only strengthens the long-term partnerships we’ve formed over the years but helps build new relationships needed to grow and prosper in the months and years ahead.”
The acquisition of Cornerstone is BlackHawk’s second in the Jacksonville area and its third in Florida in just over a year.
“Our focus has always been on our customers and employees,” said co-owner George Ray. “We leave Cornerstone and our 15 employees in very capable hands. My wife Corrine and I are proud of what we have built over the years and are equally proud to pass the torch to BlackHawk. Having our daughter Faith stay as Operations Manager within BlackHawk makes perfect sense and reaffirms this partnership is an ideal fit.”
BlackHawk is an industrial distributor with 50 locations across the U.S., Mexico, United Kingdom and the Philippines. It markets over 2.5 million products with a heavy emphasis on metalworking products.
Ian Heller is the Founder and Chief Strategist for Distribution Strategy Group. He has more than 30 years of experience executing marketing and e-business strategy in the wholesale distribution industry, starting as a truck unloader at a Grainger branch while in college. He’s since held executive roles at GE Capital, Corporate Express, Newark Electronics and HD Supply. Ian has written and spoken extensively on the impact of digital disruption on distributors, and would love to start that conversation with you, your team or group. Reach out today at iheller@distributionstrategy.com.