Snow Phipps Group announced that it has completed its acquisition of BlackHawk Industrial Distribution, Inc. Terms of the transaction were not disclosed.
Headquartered in Broken Arrow, Oklahoma, BlackHawk is a leading distributor of cutting tools, abrasives and industrial MRO products used in manufacturing, aerospace & defense, energy, auto aftermarket, construction, general industrial, medical and agriculture applications.
Snow Phipps is a private equity firm focused on lower middle-market control investments with $2.4 billion of total capital commitments raised since its founding in 2005. The firm targets platform investments with enterprise values ranging from $100 million to $500 million.