M&A Deal Summary

MSC Industrial Direct Acquires KAR

On January 22, 2024, MSC Industrial Direct acquired distribution company KAR

Acquisition Highlights
  • This is MSC Industrial Direct’s 12th transaction in the Distribution sector.
  • This is MSC Industrial Direct’s 1st transaction in Canada.
  • This is MSC Industrial Direct’s 1st transaction in Ontario.

M&A Deal Summary
Date 2024-01-22
Target KAR
Sector Distribution
Buyer(s) MSC Industrial Direct
Deal Type Add-on Acquisition

Target

KAR

Mississauga, Ontario, Canada
KAR is a metalworking distributor supplying measuring and cutting tools, machine tool accessories, and other manufacturing-related supplies across Canada's industrial landscape. KAR is based in Mississauga, Ontario.

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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 13 of 15
Sector (Distribution) 12 of 13
Type (Add-on Acquisition) 10 of 12
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 3
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-25 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.

Buy -
Mergr

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