M&A Deal Summary

MSC Industrial Direct Acquires Tower Fasteners

On August 3, 2022, MSC Industrial Direct acquired distribution company Tower Fasteners

Acquisition Highlights
  • This is MSC Industrial Direct’s 10th transaction in the Distribution sector.
  • This is MSC Industrial Direct’s 10th transaction in the United States.
  • This is MSC Industrial Direct’s 1st transaction in New York.

M&A Deal Summary

Date 2022-08-03
Target Tower Fasteners
Sector Distribution
Buyer(s) MSC Industrial Direct
Deal Type Add-on Acquisition

Target

Tower Fasteners

Holtsville, New York, United States
Tower Fasteners is a value-added distributor of Original Equipment Manufacturers (OEM) fasteners and components. Tower Fasteners is based in Holtsville, New York.

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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 3.8B USD (2024)
DESCRIPTION

MSC Industrial Direct is a direct marketers and distributors of metalworking and maintenance, repair and operations supplies to industrial customers throughout the United States. MSC Industrial Direct was founded in 1941 and is based in Melville, New York.


DEAL STATS #
Overall 10 of 15
Sector: Distribution M&A 10 of 13
Type: Add-on Acquisition M&A Deals 7 of 12
State: New York M&A 1 of 1
Country: United States M&A 10 of 14
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-03 Engman-Taylor

Menomonee Falls, Wisconsin, United States

Engman-Taylor is a distributor of metalworking tools and supplies. Engman-Taylor serves customers from two locations in Wisconsin, two in Illinois, and one in North Carolina. Engman-Taylor is based in Menomonee Falls, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-11 Buckeye Industrial Supply

Columbus, Ohio, United States

Buckeye Industrial Supply is an independent metalworking distributor. Buckeye Industrial Supply was founded in 1947 and is based in Columbus, Ohio.

Buy -