Distributor Indoff (PPAI 225638, D7) has been acquired for approximately $69.2 million by distributor Global Industrial Company, the two sides announced on Monday.
- Founded in 1971, Indoff has a network of more than 350 sales partners.
- It generated a revenue of approximately $180 million in 2022, according to the announcement.
Based in St. Louis, Indoff has been named among promo’s Greatest Companies To Work For by PPAI in multiple years, including as recently as 2023.
The Deal
Global Industrial was founded more than 70 years ago, and shares its mission with Indoff of providing customers with the products and solutions to keep them operating and successful.
- The acquisition makes Indoff a wholly owned subsidiary of Global Industrial.
- Indoff will continue to operate under its current brand and leadership.
“Indoff is a strong and growing company and provides a great strategic fit with Global Industrial’s business and multi-channel sales model,” says Barry Litwin, CEO of Global Industrial Company.
In outlining what the deal brings to the table, Global Industrial has cited strong product alignments in material handling, indoor and outdoor furniture, storage and shelving, appliances, and other core categories, as well as new service capabilities and project-related expertise.
“This is an exciting time for our employees and our customers,” says Jim Malkus, CEO of Indoff. “As part of Global Industrial, we will be in a stronger position to drive the value we provide our customers and support the continued expansion of the business.”
Litwin says, “We see a number of opportunities to enhance the value we collectively provide, including opening a new channel to deliver Global’s Exclusive Brand offering and national brand assortment and the broader utilization of B2B e-commerce platforms.
“We are excited to welcome Indoff’s employees and customers to the Global Industrial family and look forward to supporting their continued success.”
