Snow Phipps Group acquires BlackHawk Industrial Distribution

Private equity firm Snow Phipps Group, New York, has acquired BlackHawk Industrial Distribution Inc., Broken Arrow, Okla., a distributor of cutting tools, abrasives, and industrial MRO products used in manufacturing, aerospace and defense, energy, auto aftermarket, construction, general industrial, medical, and agriculture applications.

Snow Phipps will partner with the existing BlackHawk management team led by CEO John Mark and CFO Karl Scott. Snow Phipps Operating Partner John Schweig will join BlackHawk as the nonexecutive chairman of the board of directors. Schweig previously served as senior vice president and chief strategy officer for W.W. Grainger Inc.