3BG Supply Co.

Last updated
3BG Supply Co.
Company typePrivate
IndustryIndustrial Supply
Founded2010;14 years ago (2010)
Founders Alex Smith
Shane Araujo
Headquarters
Fort Wayne, Indiana
,
United States
ProductsBearings, electric motors, sprockets, chains, and other industrial supplies
Website 3bgsupply.com

3BG Supply Co. is an American technology-enabled distributor specializing in industrial maintenance, repair, and operations (MRO) products. Founded in 2010 by Alex Smith and Shane Araujo in Fort Wayne, Indiana, the company focuses on solving the industry-wide challenge of decentralized product data, aiming to improve the customer purchasing experience through a comprehensive online platform.

Contents

History

Launched initially as Panzit, 3BG Supply Co. was established to address the challenge of purchasing MRO products due to the decentralization of manufacturer product data. The company rebranded and expanded its service offerings, establishing itself as a significant digital player in the MRO industry.

Acquisitions and Growth

In 2023, 3BG Supply Co. acquired Controls and Electric Motor Company (CEMCO), a Missouri-based electric motor and pump repair and maintenance service provider. This acquisition marked a significant step towards enhancing 3BG's capabilities and strengthening its industry position. [1] [2] [3]

Funding

3BG Supply Co. has secured capital through multiple funding rounds to support its expansion and technological advancements. [4] [5] [6]

Awards and Recognition

3BG Supply Co. has been recognized for its significant growth and innovative approach to industrial distribution, including its ranking on the Inc. 5000 list. [7]

Impact and Industry Contributions

3BG Supply Co.'s innovative platform has transformed the MRO distribution sector by offering a simpler, faster, and cheaper purchasing experience, setting new industry service delivery standards. [8]

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References

  1. "3BG Supply Acquires Controls and Electric Motor Company". Power Transmission Engineering Magazine. May 18, 2023.
  2. "3BG Supply acquires Missouri electric MRO distributor". Industrial Supply Magazine. April 6, 2023.
  3. "3BG Supply Co. Acquires Controls and Electric Motor Co". PHCP Pros. April 12, 2023.
  4. "3BG Supply accelerates growth with $8 million credit facility from Espresso Capital" . Retrieved 2024-02-21.
  5. "3BG Supply Co., an industrial technology distribution company, completes $600k seed financing". 8 February 2017. Retrieved 2024-02-21.
  6. "3BG Supply Co. secures $3.4M round to support growth". 26 April 2019. Retrieved 2024-02-21.
  7. "3BG Supply Co. on the Inc. 5000 list". Inc. Magazine. Retrieved 2024-02-21.
  8. "Tech-Enabled, Customer First". Industrial Distribution. June 5, 2023. Retrieved 2024-02-21.