MSC Industrial Direct Co., Inc. acquired Buckeye Industrial Supply Co. and Tru-Edge Grinding Inc. for $22.74 million.
January 10, 2023
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MSC Industrial Direct Co., Inc. (NYSE:MSM) acquired Buckeye Industrial Supply Co. and Tru-Edge Grinding Inc. on January 11, 2023.
MSC Industrial Direct Co., Inc. (NYSE:MSM) completed the acquisition of Buckeye Industrial Supply Co. and Tru-Edge Grinding Inc. for $22.74 million on January 11, 2023. for aggregate consideration of $22.74 million, which includes cash paid of $20.5 million, the fair value of contingent consideration to be paid out of $2.294 million, and a post-closing working capital adjustment in the amount of $54 received from the sellers that is subject to finalization. Total cash consideration funded by the Company came from available cash resources.
Cross Keys Capital, LLC acted as financial advisor in the transaction.
MSC Industrial Direct Co., Inc. is a North American distributor of a range of metalworking and maintenance, repair and operations (MRO) products and services. Its range of MRO products includes cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components and electrical supplies. It serves a range of customers throughout the United States, Canada, Mexico, and the United Kingdom, from individual machine shops to manufacturing companies to government agencies, such as the United States General Services Administration and the United States Department of Defense. It operates a network of six customer fulfillment centers, 10 regional inventory centers and 41 warehouses. The Company's customer fulfillment centers have various locations in the United States.
MSC INDUSTRIAL DIRECT CO., INC. 
