M&A Deal Summary

Motor City Industrial Acquires Smith Fastener

On January 21, 2019, Motor City Industrial acquired distribution company Smith Fastener

Acquisition Highlights
  • This is Motor City Industrial’s 1st transaction in the Distribution sector.
  • This is Motor City Industrial’s 2nd transaction in the United States.
  • This is Motor City Industrial’s 1st transaction in West Virginia.

M&A Deal Summary
Date 2019-01-21
Target Smith Fastener
Sector Distribution
Buyer(s) Motor City Industrial
Deal Type Add-on Acquisition

Target

Smith Fastener

South Charleston, West Virginia, United States
website
Smith Fastener Co., Inc. is a distributor of industrial consumables and ancillary products throughout North America from its three locations in West Virginia, Pennsylvania, and Texas. Smith Fastener was founded in 1965 and is based in South Charleston, West Virginia.

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Buyer(S) 1

Buyer

Motor City Industrial

Hazel Park, Michigan, United States

website

Category Company
Founded 1965
Sector Distribution
DESCRIPTION

Motor City Industrial is a distributor of fasteners and related products to a variety of industries including automotive, trucking, defense, construction, and automation tooling. Motor City Industrial was founded in 1965 and is based in Hazel Park, Michigan.

DEAL STATS #
Overall 2 of 3
Sector (Distribution) 1 of 2
Type (Add-on Acquisition) 2 of 3
State (West Virginia) 1 of 1
Country (United States) 2 of 3
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-06 EMCO

Charlotte, North Carolina, United States

EMCO, Inc. is a provider of electrical, mechanical, fluid power and automation products to customers that design, manufacture, or upgrade machinery. EMCO also provides inventory management programs, inventory kitting programs, manufacturing services, and engineering and technical services. EMCO was founded in 1954 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-05 Quality Fastener and Supply

Oxford, Michigan, United States

Quality Fastener and Supply Co. is a distributor of industrial consumables and ancillary products based in Oxford, Michigan. Founded in 1982, Quality Fastener offers supply chain solutions for over 15,000 SKUs, serving a mix of blue-chip customers and local businesses through vendor managed inventory programs and maintaining an inventory of mission-critical components for just-in-time delivery.

Buy -
Mergr

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