Global Industrial Company Acquires Indoff, Inc.
May 22, 2023
Global Industrial Company (NYSE: GIC) acquired 100% of Indoff, Inc. for approximately $69.2 million in cash, funded from its existing credit facility and cash on hand. Indoff, a St. Louis-based value-added distributor that generated about $180 million in revenue in 2022, will operate as a wholly-owned subsidiary under its current brand and leadership, providing Global Industrial with a new sales channel and expanded product/service capabilities.
- Buyers
- Global Industrial Company
- Targets
- Indoff, Inc.
- Industry
- Logistics & Distribution
- Location
- Missouri, United States
- Transaction Type
- Buyout
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