The transaction marks the 26th acquisition for Imperial Dade. The companies have not disclosed the financial terms of the transaction.
Aimed to strengthen the presence of Imperial Dade in Texas, the acquisition will also enhance the Imperial Dade’s differentiated value proposition.
Imperial Dade CEO Robert Tillis said: “The Wagner family’s strong customer relationships and reputation for providing high-quality customer service makes the business a great addition to the Imperial Dade family.”
Established in 1935, Imperial Dade serves over 40,000 customers across the US and Puerto Rico.
Imperial Dade president Jason Tillis added: “We are excited to increase our presence in Texas and look forward to partnering with the Wagner family to capitalise on the many growth opportunities that we see ahead for the business.”
Wagner Supply has been serving the west Texas market for around 40 years. It has divisions in Odessa, Lubbock and Wichita Falls in Texas, US.
Furthermore, the company is known for offering a ‘high level of personal customer service’.
Wagner Supply CEO Paul Wagner said: “Imperial Dade’s reputation and family oriented culture align well with our own philosophy and values. We are excited for the opportunity to expand our business and better serve our customers as part of the Imperial Dade platform.”