RelaDyne recently announced that it has acquired Cardwell Distributing of Utah, a distributor of lubricants, fuels and diesel exhaust fluid (DEF). Cardwell has served the western United States since 1964 with locations spanning Colorado, Idaho, Nevada, Utah and Wyoming.
The acquisition, which represents RelaDyne's first expansion west of the Rocky Mountains, is the company's sixth acquisition of 2016 and the first in partnership with Audax Private Equity.
"Cardwell is a significant geographic expansion into the Western U.S. for RelaDyne," said Larry Stoddard, RelaDyne president and CEO. "Cardwell has a long history, a great team and a strong culture, which are all positive attributes as we expand our geography. We welcome the entire Cardwell team to the RelaDyne family of companies and are truly excited to partner with this talented group to significantly grow the business both organically and through acquisitions."
Cardwell Distributing CEO Bill Rawson will continue his leadership over RelaDyne's Cardwell locations to ensure a smooth transition for employees and customers. RelaDyne has also committed to supporting the Cardwell management team with industry expertise and resources to continue Cardwell's expansion into greater geographies and markets.
"RelaDyne is a great fit for our customers, our employees, our vendors, our community and our desire to grow our business into the future," said Rawson. "It is clear that the history and heritage of Cardwell, our values and the culture we have built over generations perfectly align with those of RelaDyne. Our team is extremely excited about the partnership and the opportunities that lie ahead."
For more information, visit www.RelaDyne.com.
