M&A | Corporate Seller

United States of America

More than 50%, 100%

US-based Industrial Procurement, Distribution, and Supply with revenue $79Mn.

The firm is a third-generation, family-owned procurement, distribution, and supply company serving a wide range of industries around the globe. It has long-standing relationships with blue-chip customers, including Hess Exploration and Production, Drillmec, and Siemens. Revenue is primarily generated from the procurement and distribution of cable/wire and related assemblies, electrical distribution and control products, lighting, oilfield and production supplies, hazardous location materials, motors, maritime supply, tubular goods, and various industrial components. The firm has over 160,000 sqft of strategically located warehousing for fast and efficient delivery of time-critical items.

Reason for Distress: (a) Downturn in the oil industry several years ago. (b) The company was hit by a ransomware cyber-attack which led to its operations shut down for months. (c) The pandemic further affected the company.