Masters' Supply announced the acquisition of Dal-Rs, Inc., a supply company based in Somerset, KY. Dal-Rs will now operate as a division of Masters' Supply, transitioning to an employee-owned model while retaining its established name and continuing its current operations.
This strategic acquisition marks a significant milestone for Masters' Supply, enhancing its market reach in Somerset and reinforcing its commitment to delivering exceptional service and quality products. "This acquisition is a testament to our strategic growth vision and our commitment to investing in local communities," said Nathan Wachtel, Executive Vice President & CFO of Masters' Supply. "Integrating Dal-Rs into our employee-owned structure broadens our market presence and increases shareholder value, creating greater opportunities for all our employee-owners. We see tremendous potential in the Somerset market and are excited to support the Dal-Rs team as we chart a course for future success together."
Dal-Rs customers can expect a seamless transition, with the same management and staff continuing to provide the high-quality service they are known for. "Joining the Masters' Supply family is an exciting new chapter for Dal-Rs," said Ray Smith, President & CEO of Dal-Rs. "Becoming part of an employee-owned company directly connects our team’s efforts to the company’s success, enhancing our commitment to customers. I am confident this transition will bring new opportunities for growth and innovation, benefiting both our employees and customers."
Masters' Supply looks forward to building on the strong foundation that Dal-Rs has established, furthering its commitment to growth, innovation, and customer satisfaction.