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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )
Industrial Distribution Group, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
456061100
(CUSIP Number)
July 6, 1998
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
/___/ Rule 13d-1(b)
/_X_/ Rule 13d-1(c)
/___/ Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in
a prior cover page.
The information required on the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.
SEC 1745 (3-98) Page 1 of 12
<PAGE>
CUSIP No. 456061100
- ----------------------------------------------------------------
1 NAME OF REPORTING PERSONS
IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
West Highland Capital, Inc.
- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)
(a)/X /
(b)/ /
- ----------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY ---------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 626,400
REPORTING ---------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
---------------------------------------
8 SHARED DISPOSITIVE POWER
626,400
- ----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
626,400
- ----------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions)
- ----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.0%
- ----------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
CO and IA
- ----------------------------------------------------------------
Page 2 of 12
<PAGE>
CUSIP No. 456061100
- ----------------------------------------------------------------
1 NAME OF REPORTING PERSONS
IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Estero Partners, LLC
- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)
(a)/X /
(b)/ /
- ----------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY ---------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 507,567
REPORTING ---------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
---------------------------------------
8 SHARED DISPOSITIVE POWER
507,567
- ----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
507,567
- ----------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions)
- ----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.5%
- ----------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
OO
- ----------------------------------------------------------------
Page 3 of 12
<PAGE>
CUSIP No. 456061100
- ----------------------------------------------------------------
1 NAME OF REPORTING PERSONS
IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Lang H. Gerhard
- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)
(a)/X /
(b)/ /
- ----------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY ---------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 626,400
REPORTING ---------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
---------------------------------------
8 SHARED DISPOSITIVE POWER
626,400
- ----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
626,400
- ----------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions)
- ----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.0%
- ----------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
IN
- ----------------------------------------------------------------
Page 4 of 12
<PAGE>
CUSIP No. 456061100
- ----------------------------------------------------------------
1 NAME OF REPORTING PERSONS
IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
West Highland Partners, L.P.
- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)
(a)/X /
(b)/ /
- ----------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY ---------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 438,399
REPORTING ---------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
---------------------------------------
8 SHARED DISPOSITIVE POWER
438,399
- ----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
438,399
- ----------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions)
- ----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.6%
- ----------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
PN
- ----------------------------------------------------------------
Page 5 of 12
<PAGE>
CUSIP No. 456061100
- ----------------------------------------------------------------
1 NAME OF REPORTING PERSONS
IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Buttonwood Partners, L.P.
- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)
(a)/X /
(b)/ /
- ----------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY ---------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 69,168
REPORTING ---------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
---------------------------------------
8 SHARED DISPOSITIVE POWER
69,168
- ----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
69,168
- ----------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions)
- ----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.9%
- ----------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
PN
- ----------------------------------------------------------------
Page 6 of 12
<PAGE>
CUSIP No. 456061100 13G
ITEM 1.
(a) The name of the issuer is Industrial Distribution
Group, Inc. ("IDG").
(b) The principal executive office of IDG is located at
2500 Royal Place, Tucker, Georgia 30084.
ITEM 2.
(a) The names of the persons filing this statement are West
Highland Capital, Inc. ("WHC"), Lang H. Gerhard ("Gerhard"),
Estero Partners, LLC ("LLC"), West Highland Partners, L.P.
("WHP") and Buttonwood Partners, L.P. ("BP") (collectively, the
"Filers").
(b) The principal business office of the Filers is located
at 300 Drake's Landing Road, Suite 290, Greenbrae, CA 94904.
(c) WHC is a California corporation, LLC is a California
limited liability company, WHP and BP are California limited
partnerships and Gerhard is a United States citizen.
(d) This statement relates to shares of Common Stock of IDG
(the "Stock").
(e) The CUSIP number of the Stock is 456061100.
Page 7 of 12
<PAGE>
CUSIP No. 456061100 13G
ITEM 3. If this statement is filed pursuant to rule 240.13d-
1(b), or 240.13d-2(b) or (c), check whether the person filing is
a:
(a) ___ Broker or dealer registered under section 15 of
the Act (15 U.S.C. 78o).
(b) ___ Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c).
(c) ___ Insurance company as defined in section 3(a)(19)
of the Act (15 U.S.C. 78c).
(d) ___ Investment company registered under section 8 of
the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) ___ An investment adviser in accordance with 240.13d-
1(b)(1)(ii)(E).
(f) ___ An employee benefit plan or endowment fund in
accordance with 240.13d-1(b)(1)(ii)(F).
(g) ___ A parent holding company or control person in
accordance with 240.13d-1(b)(1)(ii)(G)
(h) ___ A savings association as defined in section 3(b)
of the Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) ___ A church plan that is excluded from the definition
of an investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3).
(j) ___ Group, in accordance with section 240.13d-
1(b)(1)(ii)(J)
Page 8 of 12
<PAGE>
CUSIP No. 456061100 13G
ITEM 4. OWNERSHIP.
The beneficial ownership of the Stock of the persons named in
Item 2 of this statement is as follows at the date hereof:
Each of West Highland Capital, Inc. and Lang H. Gerhard:
(a) Amount beneficially owned: 626,400 shares.
(b) Percent of class: 8.0%.
(c) Number of shares as to which the Filers have:
(i) Sole power to vote or to direct the vote: 0.
(ii) Shared power to vote or to direct the vote:
626,400.
(iii) Sole power to dispose or to direct the
disposition of: 0.
(iv) Shared power to dispose or to direct the
disposition of: 626,400.
Estero Partners, LLC:
(a) Amount beneficially owned: 507,567 shares.
(b) Percent of class: 6.5%.
(c) Number of shares as to which the Filers have:
(i) Sole power to vote or to direct the vote: 0.
(ii) Shared power to vote or to direct the vote:
507,567.
(iii) Sole power to dispose or to direct the
disposition of: 0.
(iv) Shared power to dispose or to direct the
disposition of: 507,567.
West Highland Partners, L.P.:
(a) Amount beneficially owned: 438,399 shares.
(b) Percent of class: 5.6%.
(c) Number of shares as to which the Filers have:
(i) Sole power to vote or to direct the vote: 0.
(ii) Shared power to vote or to direct the vote:
438,399.
(iii) Sole power to dispose or to direct the
disposition of: 0.
(iv) Shared power to dispose or to direct the
disposition of: 438,399.
Buttonwood Partners, L.P.:
(a) Amount beneficially owned: 69,168 shares.
(b) Percent of class: 0.9%.
(c) Number of shares as to which the Filers have:
(i) Sole power to vote or to direct the vote: 0.
(ii) Shared power to vote or to direct the vote:
69,168.
(iii) Sole power to dispose or to direct the
disposition of: 0.
(iv) Shared power to dispose or to direct the
disposition of: 69,168.
Page 9 of 12
<PAGE>
CUSIP No. 456061100 13G
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following /___/.
ITEM. 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON
WHC is a registered investment adviser whose clients have the
right to receive or the power to direct the receipt of dividends
from, or the proceeds from the sale of, the Stock. Gerhard is
the sole shareholder of WHC and the Manager of LLC. WHC, LLC and
Gerhard are the general partners of WHP and BP, which are
investment limited partnerships. No single client of WHC holds
more than 5 percent of the Stock.
Page 10 of 12
<PAGE>
CUSIP No. 456061100 13G
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
HOLDING COMPANY
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE
GROUP
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and
are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
DATED: July 10, 1998
LANG H. GERHARD WEST HIGHLAND PARTNERS,
L.P.
By: West Highland Capital, Inc. By: West Highland
Attorney-in-Fact Capital, Inc.
Attorney-in-Fact
By: /s/ Bonnie George By:/s/Bonnie George
Bonnie George Bonnie George,
Chief Operating Officer Chief Operating
Officer
WEST HIGHLAND CAPITAL, INC. BUTTONWOOD PARTNERS
By: /s/ Bonnie George By: West Highland
Bonnie George Capital, Inc.
Chief Operating Officer Attorney-in-Fact
ESTERO PARTNER, LLC By:/s/Bonnie George
By: West Highland Capital, Inc. Bonnie George
Attorney-in-Fact Chief Operating
By: /s/ Bonnie George Officer
Bonnie George
Chief Operating Officer
Page 11 of 12<PAGE>
SCHEDULE 13D
CUSIP No. 456061100
EXHIBIT A
AGREEMENT REGARDING JOINT FILING
OF STATEMENT ON SCHEDULE 13D OR 13G
The undersigned agree to file jointly with the Securities and
Exchange Commission (the "SEC") any and all statements on
Schedule 13D or Schedule 13G (and any amendments or supplements
thereto) required under section 13(d) of the Securities Exchange
Act of 1934, as amended, in connection with purchases by the
undersigned of securities of Intermedia Communications, Inc. and
any other issuer, until such time as the undersigned file with
the SEC a statement terminating this Agreement Regarding Joint
Filing of Statement on Schedule 13D or 13G. For that purpose,
the undersigned hereby constitute and appoint West Highland
Capital, Inc., a California corporation, as their true and lawful
agent and attorney-in-fact, with full power and authority for and
on behalf of the undersigned to prepare or cause to be prepared,
sign, file with the SEC and furnish to any other person all
certificates, instruments, agreements and documents necessary to
comply with section 13(d) and section 16(a) of the Securities
Exchange Act of 1934, as amended, in connection with said
purchases, and to do and perform every act necessary and proper
to be done incident to the exercise of the foregoing power, as
fully as the undersigned might or could do if personally present,
until such time as the undersigned file with the SEC a statement
terminating this Agreement Regarding Joint Filing of Statement on
Schedule 13D or 13G.
DATED: May 15, 1998.
/s/ Lang H. Gerhard WEST HIGHLAND PARTNERS, L.P.
Lang H. Gerhard
By: /s/ Lang H. Gerhard
Lang H. Gerhard,
WEST HIGHLAND CAPITAL, INC. General Partner
By: /s/ Bonnie George
Bonnie George, Chief BUTTONWOOD PARTNERS, L.P.
Operating Officer
By: /s/ Lang H. Gerhard
ESTERO PARTNERS, LLC Lang H. Gerhard,
General Partner
By: /s/ Lang H. Gerhard
Lang H. Gerhard,
Manager
Page 12 of 12
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