Industrial and MRO supplies distribution giant Grainger announced it will sell off an industrial equipment distribution subsidiary it acquired in 2013.
The buyer is Los Angeles-based private equity firm Paradigm Equity Partners, which focuses on acquiring companies in the lower middle-market. It will add Sterling Heights, MI-based E&R Industrial Sales to its portfolio. Details of the agreement were not publicly disclosed.
Customers will continue to have access to E&R’s assortment when purchasing through Grainger, while E&R customers will have access to Grainger’s MRO-leading assortment when purchasing through E&R.
Grainger will continue to serve customers with maintenance metalworking products, services and expertise while focusing on its core business of maintenance, repair and operating products and services, company officials said in a Dec. 12 news release.
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