Posted July 14, 2022

BlackHawk acquires Cornerstone Supply and Intermountain Machining

BlackHawk Industrial has acquired Jacksonville, Florida-based Cornerstone Supply and two Intermountain Machining Supply locations in Idaho and Montana.

BlackHawk IndustrialTerms of these acquisitions were not disclosed.

Acquiring Intermountain and Cornerstone expands BlackHawk’s capabilities across the country and further distinguishes it as a fast-growing and dominant distributor of metalworking products, cutting tools, and industrial offerings, the company said.

“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 locations in Meridian, Idaho, and Belgrade, Montana, expands BlackHawk’s capacity and capabilities in the Northwest region and broadens its machining related solutions to a wide variety of businesses across many industries.

“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 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.”

Headquartered in Tulsa, Oklahoma, 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 from the industry’s top brands with a heavy emphasis on metalworking products.