MSC to acquire ATS Industrial Supply
MSC Industrial Direct has signed a definitive agreement to acquire ATS Industrial Supply, Inc.
Terms of the transaction were not disclosed. The acquisition is expected to close on Jan. 31, subject to the satisfaction of customary closing conditions. The company will finance the acquisition using available cash.
Established in 1970 and headquartered in Salt Lake City, ATS is a metalworking and MRO industrial distributor in the Rocky Mountain region. It offers a broad range of industrial tools, cutting tools, abrasives, machinery, precision instrument supplies, and other MRO-related supplies. It has locations in Salt Lake City, Phoenix, and Tijuana, Mexico. The company generated approximately $34.5 million in sales in 2011.
"We are pleased to acquire ATS Industrial Supply Inc., a regional leader with excellent management and an emphasis on value-added services that fits well with the MSC model," said David Sandler, chief executive officer of MSC. "In keeping with our long-term acquisition strategy, ATS builds out our geographic footprint, significantly increasing our presence in the Rocky Mountain region, while further extending our leadership position in metalworking. We welcome their talented team of associates to the company and look forward to working together to grow our combined businesses."
David Hellberg, CEO of ATS Industrial Supply Inc., said, "We are thrilled to be joining MSC, one of the largest distributors of MRO supplies in the United States. We believe this transaction represents a great opportunity for our associates, customers and suppliers, and look forward to benefitting from MSC's position as a leading player in the marketplace."
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
