IBT Industrial Solutions Acquires Indesco in Charlotte - Modern Distribution Management

IBT Industrial Solutions Acquires Indesco in Charlotte

The acquisition adds Indesco’s hydraulic, pneumatic and power transmission expertise and expands IBT Industrial Solutions’ distribution presence into the Southeast.
IBT Indesco

IBT Industrial Solutions has acquired Indesco — a Charlotte, NC-based distributor of hydraulic, pneumatic and power transmission components.

The transaction, announced July 6, expands Merriam, KS-based IBT’s geographic presence into the Southeast and adds Indesco’s technical capabilities serving original equipment manufacturer and maintenance, repair and operations customers. Financial terms were not disclosed.

Founded more than 40 years ago, Indesco distributes hydraulic valves, manifolds, cylinders, accumulators, pumps, motors, hoses and filtration products. Its portfolio also includes pneumatic components, air cylinders, bearings, gearboxes, speed reducers, heat exchangers and related machinery components.

Indesco additionally designs and builds custom hydraulic power units for new and existing equipment applications.

The company serves customers throughout the Southeast from its Charlotte facility, supporting applications in agriculture, food and beverage, material handling, textile equipment, woodworking machinery, production automation, industrial maintenance and general manufacturing.

“This acquisition strengthens IBT’s ability to support customers with technical industrial solutions and expands our presence in a strong Southeastern market,” IBT President and CEO Jeff Cloud said in the announcement. “Indesco has a customer-focused culture, deep product knowledge and strong supplier relationships that align well with IBT’s approach to helping customers keep their operations running.”

IBT said it will work with Indesco’s team over the coming months to develop an integration plan covering the acquired company’s customers, suppliers, employees, systems and operations. The distributor said the process will seek to preserve the strengths that have supported Indesco’s growth and customer relationships.

“We are excited to welcome the Indesco team to IBT,” IBT Vice President of Sales Kyle Dixon added. “Together, we see meaningful opportunities to build on Indesco’s legacy, expand support for customers and continue delivering the service and expertise both companies are known for.”

IBT supplies industrial products and provides engineering, industrial rubber, maintenance, repair and training services. Its offerings include automation and motion control systems, conveyor solutions, hose and hydraulic services, vibration analysis, gearbox repair, specialty machining and vendor-managed inventory programs.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

This field is for validation purposes and should be left unchanged.
Name(Required)

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!