W.W. Grainger Inc. announced Oct. 14 that it had purchased Imperial Supplies, adistributor of maintenance products and aftermarket components.
W.W. Grainger Inc. announced
Oct. 14 that it had purchased Imperial Supplies LLC as an all-cash deal from
American Capital Ltd.
Other terms were not
disclosed. Grainger estimated the transaction would boost its earnings by 3 cents
to 5 cents a share in 2010.
Imperial is a 41-year-old
distributor of maintenance products and aftermarket components for the vehicle
and fleet industries. Its 2008 sales were $67 million.
"Imperial Supplies is a
leading player in the $4 billion fleet maintenance industry and we are excited
to begin working together,” said Mike Pulick, president of Grainger’s U.S.
businesses. "In addition to the financial benefits for our shareholders,
we anticipate cross selling opportunities by offering Imperial customers access
to Grainger’s broad product offering and national distribution scale and
Grainger customers access to the 20,000 fleet maintenance products Imperial
Imperial keep its name and
become part of Grainger’s specialty brands, officials said. Imperial’s current
CEO, Rob Gilson, will work under Ralph Howard, Grainger’s specialty brands vice
“We share common values that
focus on serving customers with the utmost integrity,” said Gilson. “Going
forward, this is a big win for Imperial customers because they have our ongoing
commitment to superior service combined with the scale of Grainger’s industry
Grainger buys supplier
October 21, 2009