TACOMA, WA – Stellar Industrial Supply, which distributes more than 90,000 MRO products and tools from over 1,500 brands for safety, metalworking, marine supply, aerospace, and other general manufacturing organizations and while offering personalized indirect materials management, announced on March 14 the acquisition of Timesaver Industrial, an industrial distribution company based in Phoenix, Arizona. The acquisition gives Stellar Industrial Supply an additional and stronger market presence in the Arizona region. The acquisition is expected to close on April 30. Terms were not disclosed.
“We are excited to build on the reputation and platform that Timesaver has established in the Phoenix area, while expanding the Stellar Industrial Supply brand further into this market,” said John S. Wiborg, president and CEO of Stellar Industrial Supply. “We will offer a wider and broader range of supplies and services for MRO, Safety Supply, Metalworking, Abrasives and Supply Chain Solutions, with a deep commitment to providing customer service. , the exemplary care and experience that both companies are known for,” continued Wiborg.
READ MORE: Stellar Industrial acquires JLM Industrial Supply in Nevada (13 Jan)
The acquisition of Timesaver Industrial Inc. marks the ninth by Stellar Industrial Supply in the past 15 years. The company will now have 13 regional branches, including: Portland, OR, Albany, OR, Everett, WA Tacoma, WA, Seattle, WA, Spokane, WA, Upland, CA, San Luis Obispo, CA, Billings, MT, Phoenix, AZ , Lawrence, PA, Sparks, NV and Tampa, FL. As part of the acquisition, Stellar will recruit four new teammates, bringing its workforce to approximately 196 people company-wide.
“This is a great next step for Timesaver Industrial. We look forward to a smooth and seamless transition, and our customers and suppliers can expect the same level of honesty, candor and commitment they have come to know,” said Larry Parrish, president of Timesaver Industrial. .
In addition to its wide range of products, Stellar Industrial Supply is known for its Documented Cost Savings (DCS) program which creates “ideal customer-supplier partnerships”. Working on behalf of both parties, Stellar Industrial Supply deploys the most efficient and cost-effective products that optimize plant operations and help keep them running smart and safe.
In 2021, DCS generated nearly $17.9 million in savings in 2021, or an average DCS of $48,378 across 370 customers. Over the past 10 years, the program has generated more than $148 million in customer savings and cost reductions.
Timesaver Industrial is headquartered in Phoenix, AZ. The company was incorporated in 1978. Larry Parrish assumed current control in 1993 and remains the sole shareholder. Timesaver Industrial is committed to providing the best value by helping manufacturers with technical support and managing their inventory of indirect supplies. Indirect supplies include MRO, metallurgy and security products. Timesaver Industrial serves a wide range of industries throughout the Arizona region.
Stellar Industrial Supply distributes over 90,000 MRO (maintenance, repair and operation) products and tools from over 1,500 brands for safety, metalworking and marine supply, general manufacturing and processing, machine shops and metalworking, and marine and construction organizations. Stellar also offers custom indirect materials management solutions; and a wide range of hand tools, power tools, cutting tools, abrasives, chemicals and spray paints, workshop, safety, marine and construction supplies. Stellar is a member of Affiliated-Wholesalers and the Industrial Supply Association.