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Banking Fort Worth industrial supply firm acquired

Fort Worth industrial supply firm acquired

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Robert Francis
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

Waco-based Richards Supply Co., a general line industrial and contractor supply house, has acquired Manske Material Handling located on South Main Street in Fort Worth. Richards now has four distribution centers in Texas with two locations serving the Dallas/Fort Worth market.

Founded by David Manske in 1993, Manske Material Handling is a wholesale distributor of wheels, casters, hand trucks, pallet jacks and carts. It has in-house fabrication capabilities for repairs and custom orders. Richards Supply Co. was established in 1937 and serves customers in a variety of industries including manufacturing, municipalities, infrastructure, government, healthcare, pharmaceutical, food & beverage and construction.

“We are excited about the Manske team joining the Richards family,” said Richards’ President Eric Wessinger. “Everyone at Manske shares our ‘Customer First’ focus and passion for helping solve problems, increase productivity and improve efficiencies.”

Richards was represented in the sale by Kasper & Associates, a Fort Worth merger and acquisition firm. initiated and facilitated negotiations for the transaction. “Buyer-side transactions like this are particularly rewarding knowing we are helping a superb company like Richards Supply to expand its presence in Fort Worth and the rapidly growing North Texas market, Kasper’s Managing Partner Layne Kasper.

No price for the transaction was released.

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