Generational Group Advises L.A. Tool & Supply in its Sale to BlackHawk Industrial Supply

By Generational Group

12/08/2022

Generational Group, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client L.A. Tool & Supply Co. to BlackHawk Industrial Supply. The transaction closed November 3, 2022.

Located in Akron, Ohio, L.A. Tool & Supply (LAT) is a wholesale distributor of cutting tools and accessories primarily used in the manufacturing sector. These products include inserts, E mills, taps, drills, boring, and milling products. The Company offers in excess of 40,000 SKUs from over 100 leading brands in the industry. Moreover, LAT is an authorized dealer for blue-chip companies such as Walter USA, Sumitomo, Guhring, Emuge, and CGC Tools.

BlackHawk Industrial Supply (BIS), located in Tulsa, Oklahoma, provides the highest quality industrial products and equipment, offering manufacturing services while creating innovative engineered supply solutions. BIS believes in the importance of the local relationships with the customers they service. Their employees have fun every day exceeding the expectations of their customers, suppliers, and shareholders.

Generational Group Executive Managing Director of M&A – Central Region, Michael Goss, and his team, led by Senior M&A Advisor, James Branson, with the support of Vice President, M&A, Lance Thomasson, successfully closed the deal. Executive Managing Director and Group Leader Randy Kamin established the original relationship with LAT.

“The addition of L.A. Tool & Supply to the BlackHawk Industrial organization filled some geographical and sales relationship needs that were quickly recognized by all parties. Generational Group’s thorough marketing process, employed for all its clients, again confirmed why our M&A rankings consistently are at the top of all advisory groups in the middle market,” said Branson.


About Generational

Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 300 professionals across 16 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A advisory, digital solutions, and wealth management.

Celebrating its 20th year, Generational has successfully closed over 1,700 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $500 million in 2022, 2023, and 2024.

The firm was named 2024 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in both 2024 and 2022.