Snow Phipps Group acquires BlackHawk Industrial Distribution
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.