CHICAGO, Dec. 12,
2023 /PRNewswire/ -- Grainger (NYSE: GWW), a leading
broad line distributor of maintenance, repair and operating (MRO)
products serving businesses and institutions, today announced the
sale of E&R Industrial Sales, Inc. to Paradigm Equity Partners,
a Los Angeles-based private equity
firm. E&R Industrial became a subsidiary of W.W. Grainger, Inc.
in 2013.
"We are excited about this next stage of growth with Paradigm
Equity Partners," said Jason
D'Souza, President, E&R Industrial Sales, Inc. "E&R
Industrial is firmly committed to a smooth transition for our
customers, suppliers and team members."
Grainger will continue to serve customers with maintenance
metalworking products, services and expertise while focusing on its
core business of maintenance, repair and operating (MRO) products
and services. Customers will continue to have access to E&R's
assortment when purchasing through Grainger, while E&R
customers will have access to Grainger's MRO-leading assortment
when purchasing through E&R.
Details of the agreement were not publicly disclosed.
About Grainger
W.W. Grainger, Inc., with 2022 sales of
$15.2 billion, is a leading broad
line distributor with operations primarily in North America, Japan and the United
Kingdom. Grainger achieves its purpose, We Keep The World
Working®, by serving more than 4.5 million customers worldwide with
innovative technology and deep customer relationships. The Company
operates two business models. In the High-Touch Solutions segment,
Grainger offers more than 2 million maintenance, repair and
operating (MRO) products and several services, such as technical
support and inventory management. In the Endless Assortment
segment, Zoro.com offers customers access to more than 11 million
items, and MonotaRO.com provides more than 20 million items. For
more information, visit invest.grainger.com.
About Paradigm Equity Partners
Paradigm Equity
Partners, founded by Roman Zelinsky,
is a Los Angeles-based private
equity firm focused on acquiring corporate divestitures and
companies in the lower middle-market. Paradigm has extensive
experience working in complex situations where companies benefit
from operational improvements, strategic focus and capital
investment. Paradigm seeks to partner with strong management to
execute on value-creating initiatives as well as organic and
M&A growth. For more information, please visit
https://www.paradigmequitypartners.com/
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SOURCE W.W. Grainger, Inc.