MSC Industrial Supply Co. Acquires Tower Fasteners
August 3, 2022
MSC Industrial Supply Co. (through its All Integrated Solutions subsidiary) has acquired Tower Fasteners, a Holtsville, New York-based value‑added distributor of OEM fasteners and components. Tower will continue operating under its current name with President Mark Shannon remaining in place; the business has ~100 employees and reported approximately $35 million in revenue in 2021. MSC said the deal expands its presence in the OEM fastener market, complements AIS's Midwest footprint with Tower's East Coast and Southwest locations, and is roughly neutral to MSC's fiscal 2022 earnings and slightly accretive to fiscal 2023.
- Buyers
- MSC Industrial Supply Co., All Integrated Solutions (AIS)
- Targets
- Tower Fasteners
- Industry
- Industrial Services
- Location
- New York, United States
- Transaction Type
- Buyout
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