MRO distributor Stellar Industrial Supply, Tacoma, Washington, has acquired JLM Industrial Supply, a Sparks, Nevada-based industrial distribution and integrated supply firm.
Financial terms of the deal were not disclosed.
Stellar says the acquisition will help it secure an immediate and strong market presence in the northern Nevada region. The acquisition is scheduled to close March 31.
The agreement marks Stellar’s eighth acquisition in the past 15 years. The company will now have 13 regional branches.
“We are ecstatic to build upon the reputation and platform JLM has established in the Sparks area, while extending the Stellar Industrial Supply brand into this marketplace,” said Stellar President and CEO John S. Wiborg. “We will offer a deeper and broader array of supplies and services for MRO, Safety Supply, Metalworking, Abrasives and supply chain solutions, with a deep commitment to delivering the exemplary customer service, care, and experience that both companies are known for.”
As part of the acquisition, Stellar will bring on 10 new employees, bringing its headcount to approximately 190 companywide.
JLM President Michael Stuart is expected to join the Stellar team as its commercial market leader for the geographic area he serves.
Related Posts
-
Buckeye Industrial Supply will keep the Ray Industrial Products name at the Van Wert, Ohio…
-
The Atlanta-based company will continue to do business as HESCO Supply following the acquisition.
-
The Oklahoma-based distributor of metalworking and mission critical industrial products says it acquired the Ohio-based…
