M&A Deal Summary

MSC Industrial Direct Acquires Premier Tool Grinding

On June 25, 2024, MSC Industrial Direct acquired manufacturer Premier Tool Grinding

Acquisition Highlights
  • This is MSC Industrial Direct’s 2nd transaction in the Manufacturing sector.
  • This is MSC Industrial Direct’s 14th transaction in the United States.
  • This is MSC Industrial Direct’s 1st transaction in Arizona.

M&A Deal Summary
Date 2024-06-25
Target Premier Tool Grinding
Sector Manufacturing
Buyer(s) MSC Industrial Direct
Deal Type Add-on Acquisition

Target

Premier Tool Grinding

Goodyear, Arizona, United States
Premier Tool Grinding designs, manufactures, reconditions, and coats carbide cutting tools. Premier Tool Grinding is based in Goodyear, Arizona.

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Buyer(S) 1

Buyer

MSC Industrial Direct

Melville, New York, United States
Category Company
Founded 1941
Sector Distribution
Employees7,131
Revenue 4.0B USD (2023)
DESCRIPTION

MSC Industrial Direct is one of the direct marketers and premier distributors of Metalworking and Maintenance, Repair and Operations supplies to industrial customers throughout the United States. MSC employs sales forces and distributes over 500,000 industrial products from over 2000 suppliers to over 300,000 customers. MSC Industrial Direct was founded in 1941 and is based in Melville, New York.

DEAL STATS #
Overall 15 of 15
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 12 of 12
State (Arizona) 1 of 1
Country (United States) 14 of 14
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-25 ApTex

Waukesha, Wisconsin, United States

ApTex is a production-oriented industrial distributor focused on cutting tools, abrasives, metalworking fluids, as well as workholding systems and components. ApTex is a highly technical metalworking distributor with a focus on value-added services and solutions to drive cost savings through every step of the customers' production process. ApTex is based in Waukesha, Wisconsin.

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