SNH Capital Partners aquires partial ownership interest in Stellar Industrial Supply
Stellar Industrial Supply announced last week it has entered into a definitive agreement under which SNH Capital Partners will acquire an ownership interest in the company. Financial terms were not disclosed.
The partnership provides Stellar with additional long-term capital and operational resources while preserving the company's leadership team, customer-focused culture, and strategic direction.
"We selected SNH because of their long-term investment philosophy, collaborative approach, and shared vision for Stellar," said President and CEO John S. Wiborg. "This partnership strengthens our ability to invest in our people, customers, and future growth."
"We are excited to partner with Stellar," said Aditya Dabas, managing director, investment team for SNH Capital. "The company has an exceptional reputation and leadership team, and we look forward to supporting its long-term success."
Stellar will continue operating under the Stellar Industrial Supply name with its existing management team.
INDUSTRIAL SUPPLY MAGAZINE
The September/October issue of Industrial Supply magazine features an in-depth cover story about Rotator Products. 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.
