We are pleased to share the sale of our client L.A. Tool & Supply Co. to BlackHawk Industrial Supply. The transaction closed November 3, 2022.

Located in Akron, Ohio, L.A. Tool & Supply (LAT) is a wholesale distributor of cutting tools and accessories primarily used in the manufacturing sector. These products include inserts, E mills, taps, drills, boring, and milling products.

The company offers in excess of 40,000 SKUs from over 100 leading brands in the industry. Moreover, LAT is an authorized dealer for blue-chip companies such as Walter USA, Sumitomo, Guhring, Emuge, and CGC Tools.

BlackHawk Industrial Supply (BIS), located in Tulsa, Oklahoma, provides the highest quality industrial products and equipment, offering manufacturing services while creating innovative engineered supply solutions.

BIS believes in the importance of the local relationships with the customers they service. Their employees have fun every day exceeding the expectations of their customers, suppliers, and shareholders.

Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, and his team, led by Senior M&A Advisor, James Branson, with the support of Vice President, M&A, Lance Thomasson, successfully closed the deal. Executive Managing Director and Group Leader Randy Kamin established the original relationship with LAT.

“The addition of L.A. Tool & Supply to the BlackHawk Industrial organization filled some geographical and sales relationship needs that were quickly recognized by all parties. Generational Equity’s thorough marketing process, employed for all its clients, again confirmed why our M&A rankings consistently are at the top of all advisory groups in the middle market,” said Branson.