Motor City Industrial Makes Third Acquisition
Jun 5, 2019
40 min 40 sec ago
Motor City Industrial announces the acquisition of Quality Fastener and Supply Co. This represents the third acquisition by Motor City Industrial and further expands product and service offerings available to customers from diversified sectors and geographies. Quality Fastener and Supply Co. is a distributor of industrial consumables and ancillary products based in Oxford, Michigan. Founded in 1982, Quality Fastener offers supply chain solutions for over 15,000 SKUs, serving a mix of blue-chip customers and local businesses through vendor managed inventory programs and maintaining an inventory of mission-critical components for just-in-time delivery. "We are excited to have the Quality Fastener team join Motor City Industrial and look forward to our future together," says Joe Stephens, CEO of Motor City Industrial. "Jim Hiatt and John Shepard have built a tremendous company and we are thankful they have trusted us to continue this legacy. "
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