Platinum Equity has agreed to buy Industrial Distribution Group, Inc., Atlanta, GA, distributor of maintenance, repair, operating and production (MROP) products and integrated supply services to manufacturers and other industrial users, for about $113 million. With the acquisition, IDG will go private.
The move complement’s Platinum Equity’s other recent distribution investment: Strategic Distribution. Platinum Equity said it would look for synergies with IDG. Both companies have integrated supply operations.
We are very enthused about this transaction with Platinum Equity, which we believe will provide excellent value to our stockholders,” said Richard M. Seigel, chairman of the Board of the Company, who also chaired the special committee.
Seigel …
Platinum Equity to Buy Industrial Distribution Group for $113M
Platinum Equity has agreed to buy Industrial Distribution Group, Inc., Atlanta, GA, distributor of maintenance, repair, operating and production (MROP) products and integrated supply services to manufacturers and other industrial users, for about $113 million. With the acquisition, IDG will go private.
The move complement’s Platinum Equity’s other recent distribution investment: Strategic Distribution. Platinum Equity said it would look for synergies with IDG. Both companies have integrated supply operations.
We are very enthused about this transaction with Platinum Equity, which we believe will provide excellent value to our stockholders,” said Richard M. Seigel, chairman of the Board of the Company, who also chaired the special committee.
Seigel …
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- Filed In: Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors
Lindsay Young
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