M&A Deal Summary

Paradigm Equity Partners Acquires E&R Industrial

On December 12, 2023, private equity firm Paradigm Equity Partners acquired distribution company E&R Industrial from Grainger

Acquisition Highlights
  • This is Paradigm Equity Partners’ 1st transaction in the Distribution sector.
  • This is Paradigm Equity Partners’ 1st transaction in the United States.
  • This is Paradigm Equity Partners’ 1st transaction in Michigan.

M&A Deal Summary

Date 2023-12-12
Target E&R Industrial
Sector Distribution
Buyer(s) Paradigm Equity Partners
Sellers(s) Grainger
Deal Type Divestiture

Target

E&R Industrial

Sterling Heights, Michigan, United States
E&R Industrial is a distributor of metalworking, production supplies, and MRO materials to manufacturers and industrial customers across the Midwest and Eastern United States and its subsidiaries. E&R Industrial was formed in 1969 and is based in Sterling Heights, Michigan.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

DESCRIPTION

Paradigm Equity Partners is a private equity firm seeking to acquire lower-middle-market businesses across North America and Western Europe. The Firm focuses on corporate divestitures, non?core assets, and special?situation opportunities that benefit from dedicated capital and operational improvement. Prospective businesses typically have revenue of $40 to $500 million. Paradigm Equity Partners was formed in 2022 and is based in Los Angeles, California.


DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

SELLER

Grainger

Lake Forest, Illinois, United States

Category Company
Founded 1927
Sector Distribution
Employees23,500
Revenue 17.2B USD (2024)
DESCRIPTION
Entrance to Grainger's corporate headquarters in Lake Forest, Illinois.
Entrance to Grainger's corporate headquarters in Lake Forest, Illinois.

Grainger is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services used by businesses and institutions primarily in the United States and Canada. The Company also has a in Europe, Asia and Latin America. Grainger was established in 1927 and is based in Lake Forest, Illinois.


DEAL STATS #
Overall 5 of 5
Sector: Distribution M&A 3 of 3
Type: Divestiture M&A Deals 5 of 5
State: Michigan M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-02 Fabory

Tilburg, Netherlands

Fabory is a provider of fasteners and fastener-related products in the Benelux with a pan-European presence. Fabory was formed in 1947 and is based in Tilburg, Netherlands.

Sell -