Wisconsin-based fastener distributor Endries International Inc. announced Oct. 31 that Michael Knight has been named as the company’s new President and CEO, effective Nov. 28.

Endries ranked as the No. 9 Fastener Distributor and No. 35 Industrial Distributor in Modern Distribution Management’s 2022 Top Distributor list. The company also announced Nov. 1 its acquisition of Alliance Nut & Bolt, LLC.

Knight will succeed Steve Endries, who will transition to become the company’s chairman and head of strategic partnerships, a role in which he will continue to focus on leading Endries M&A program. Knight also will join the Endries International Board of Directors, the company said.

Knight has more than 25 years of experience in the electronic components distribution and manufacturing industries, including the last 18 years in various management positions at TTI, Inc., a leading specialty distributor of electronic components that is a Berkshire Hathaway Company. Most recently at TTI, Knight has served as president, exponential technology group and senior vice president of corporate business development.

“I am excited that Michael Knight will join Endries International as our next President and Chief Executive Officer,” Steve Endries said. “Michael is a tested leader who has a deep knowledge of the distribution industry. I look forward to working closely with him in ensuring a smooth transition, as well as in continuing to be part of the Endries team as Head of Strategic Partnerships, and Chairman of the Board of Directors. Endries is executing well on its strategy, and after 20 years as CEO this is an ideal time for a new leader to drive the company forward in its next phase of growth.”

Knight commented, “I’ve long watched Endries International in the marketplace and always have been impressed with its partnership with its OEM customers to address their Class C component challenges,” Knight said. “I am honored to succeed Steve Endries as the company’s new CEO and to lead a team so dedicated to providing customers with innovative solutions and high-quality products.”

“As we welcome Michael as our new CEO, I would like to thank Steve Endries on behalf of the Board for his exceptional leadership over the past two decades,” said Kevin Brown, a partner of MSD Partners, which owns Endries International. “Over the past five years, the company’s annual sales have more than doubled to over $500 million, with more than 70% of sales developed organically over the Company’s history and the balance resulting from acquisitions. We look forward to the continued partnership with Steve in his new role.”