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IBT Industrial Solutions is a full-service industrial supplier providing MRO supplies, products, and services across various industrial sectors, headquartered in Merriam, Kansas. The company offers essential inventory and emergency delivery solutions from over 40 stocking locations across the US, serving a broad industrial marketplace with a focus on maintaining efficient, productive, and safe workplace facilities. Operating as a family-owned distributor, IBT maintains a significant scale, reporting 344 employees and revenue of $93.4 million. With over 75 years of operation, the organization provides personalized service and deep expertise to its customers. The company was founded in 1949 by Forrest L. Cloud and Bonnie Cloud, and is currently led by third-generation President and CEO Jeff Cloud. Its business model centers on family-owned distributor selling industrial products and services directly to customers.
IBT has 1 tracked investment across 1 company. The latest tracked deal is $29.0M Series C in Crown Bioscience in May 2011.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 1, 2011 | Crown Bioscience | $29.0M Series C | Argonaut Private Equity, Cdib Capital, CID Group, IBT, Nancy Chang | Qiming Venture Partners, CRCI |