Dallas-based PE firm Brazos Private Equity Partners and Bill Scheller, an industrial distribution executive, have acquired Duncan Industrial Solutions, an industrial distributor headquartered in Oklahoma City, OK. Brazos manages approximately $1.4 billion of equity capital. The financial terms of the deal were not revealed.
Brazos Private Equity Partners, LLC, a leading Dallas-based private investment firm, and Bill Scheller, a long-time industrial distribution executive, today announced the acquisition of Duncan Industrial Solutions, Inc., an industrial distributor focused on integrated supply solutions. Financial terms of the transaction were not disclosed.
Founded in 1948, Duncan Industrial is a leading distributor of name-brand industrial MRO supplies and equipment. Duncan Industrial also offers specialized, integrated services that deliver tailored solutions for inventory and spend management, point of use, product issuance, product application, information management and other services within clients’ operations. Headquartered in Oklahoma City, Oklahoma, Duncan Industrial has employees working in offices and client facilities across North America.
Duncan Industrial is the initial acquisition of BlackHawk Industrial Distribution, Inc., a new industrial distribution platform Brazos is building in conjunction with Mr. Scheller. Mr. Scheller, former CEO and President of ORS Nasco, Inc., which was a previous Brazos portfolio company, will serve as CEO of BlackHawk. BlackHawk is currently looking to acquire additional U.S.-based distributors participating in the $400+ billion industrial distribution end market.
Brazos Co-Chief Executive Officer and Co-Founding Partner Randall S. Fojtasek said: “The acquisition of Duncan Industrial by BlackHawk is the initial step to create a leading company to serve the large and growing industrial distribution market. We look forward to working closely with Bill and the rest of management as they build upon Duncan’s historical success to take performance and value to the next level.”
Mr. Scheller said: “BlackHawk will be an excellent platform to create one of the leading industrial distribution companies in the U.S. I am excited to partner again with Brazos and look forward to working with the Duncan team. Duncan has demonstrated strong performance throughout its history and will continue to operate its business in the same fashion going forward. Our commitment to Duncan’s strategic plan, customers, suppliers, employees and business model will be the foundation upon which we grow our business.”
About Brazos Private Equity Partners, LLC
Brazos Private Equity Partners is a Dallas-based private equity firm that manages approximately $1.4 billion of equity capital. Brazos focuses on investments in middle-market companies with enterprise values up to $500 million. Brazos seeks to partner with outstanding management teams and/or families of closely-held businesses to maximize value. Brazos has been one of the most active middle-market private equity investment firms over the past decade, having completed 55 acquisitions, including 21 platform investments. Brazos has invested in a broad range of industries including consumer, food and beverage, business and financial services, healthcare, manufacturing / industrial and distribution.
For additional information about Brazos, please visit the firm’s website at www.brazospartners.com.
Mark Semer or Michael Freitag
Kekst and Company
For Brazos Private Equity Partners, LLC