MSC Industrial Supply Co. Acquires KAR Industrial Inc.
January 22, 2024
MSC Industrial Supply Co. has acquired KAR Industrial Inc., a Canadian metalworking distributor that operates three facilities in Mississauga, Montreal and Edmonton. KAR will continue to operate under its Duramill and Omnitool divisions with Ward Meek remaining in daily management; the business reported approximately US$16 million in 2023 revenue and 45 employees. MSC said the acquisition expands its metalworking footprint in Canada and will provide KAR customers access to MSC's broader product portfolio and e-commerce channel.
- Buyers
- MSC Industrial Supply Co.
- Targets
- KAR Industrial Inc.
- Industry
- Industrial Services
- Location
- Quebec, Canada
- Transaction Type
- Buyout
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