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Motor City Industrial Acquires Smith Fastener
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2019-01-17
Motor City Industrial, has announced the acquisition of Smith Fastener in partnership with its 3rd generation owner, Brian Smith. This represents the third acquisition by Motor City Industrial and further expands product & service offerings available to customers from diversified sectors and geographies. The combined companies now serve over 20 states from 7 locations with 135 employees.
Smith Fastener is a distributor of industrial consumables and ancillary products throughout North America from three locations in West Virginia, Pennsylvania and Texas. Founded in 1965, Smith Fastener offers supply chain solutions for over 20,000 SKUs, including corrosion resistant coating services for mission critical parts. Not only does the company offer supply chain engineering and technical support, but Smith Fastener also provides in-house emergency fabrication of custom MRO components to minimize downtime for its customer-partners.
Motor City Industrial is backed by Kian Capital Partners and Oakland Standard Co. Both firms are experienced in the industrial distribution sector and committed to additional partnerships that will expand Motor City Industrial's products, services and geographic footprint.
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