Stellar Industrial Supply Acquires Triad Tooling
10th Acquisition in 15 years, gains established Rocky Mountain regional foothold; customers gain access to wider breadth and depth of products.
Stellar Industrial Supply announced today the acquisition of Longmont, Colorado-based Triad Tooling. The acquisition, the company’s 10th over the past 15 years, gives Stellar Industrial Supply an immediate and strong market presence in the Rocky Mountain region, offering customers a much wider breadth and depth of products. Terms were not disclosed.
“Triad Tooling is renowned in the Rocky Mountain Region for its reputation and commitment in delivering the best products, best service, and best customer experience, bar none. Stellar Industrial Supply is honored to build on that tradition and eager to serve the Rocky Mountain region moving forward,” said Stellar Industrial Supply President and CEO John S. Wiborg.
With Triad Tooling Stellar now boasts 14 regional hubs, 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 bring on five new teammates, bringing its headcount to approximately 210 companywide.
“Triad Tooling has been honored for many years to serve great customers and build relationships that will last a lifetime. It has always been our goal to offer the best service possible to the people who have made us successful. The natural next step to continue to add value for our customers is to join forces with Stellar Industrial Supply. As we make the transition to Stellar, we know the future is bright and they will not only offer the same level of commitment and service Triad has but will improve upon that exponentially,” said Rhonda Spreng, Owner; Candace Lohr, President; and Ross Lohr, COO, in a joint statement.
In addition to its wide range of products, Stellar Industrial Supply is known for its Documented Cost Savings (DCS) program that creates “Ideal Customer-Supplier Partnerships.” Working on behalf of both parties, Stellar Industrial Supply deploys the most efficient, cost-effective products that optimize plant operations and help run them smartly and safely.
In 2021, DCS generated nearly $17.9 million in 2021 savings, or $48,378 average DCS across 370 customers. Over the past 10 years the program has accrued $148+ million in customer savings and reduced costs.