Owens & Minor agreed to acquire Apria for an equity value of about $1.45 billion, just one week after Motion Industries completed its $1.3-billion purchase of Kaman Distribution Group.
Latest In Motion Industries
Enlivened by the chance to safely rub elbows with other distribution stakeholders, industry leaders met this week to discuss the future of the industry, including planning for future growth and retaining quality talent.
GPC last month agreed to acquire Kaman Distribution Group under GPC’s wholly-owned subsidiary, Motion Industries, Inc.
The deal strengthens Motion's ability to compete – particularly for wallet share – against other broadline industrial product distributors.
'Highly synergistic' acquisition valued at $1.3 billion, according to Genuine Parts Company.
MRO distributor announces that John Watwood has been promoted to vice president of operations integration, effective immediately.
CEOs from leading distributors Grainger, Fastenal, Applied, MSC and Motion reveal secrets to their success during a challenging third quarter.
Motion's third-quarter sales were $1.6 billion, up 14.5% from 2020 and representing 34% of total company revenues.
Motion President Randy Breaux talks in an MDM podcast about pandemic-era lessons learned, and what he sees coming down the pipe in 2022.
Genuine Parts Co., the parent of Motion, reported that the distributor’s 1Q sales of $1.5 billion were up 0.1% year-over-year and represented 34% of the company’s revenues in the period.
Jim May, who joined the company in 2020, will now be charged with advancing the company’s acquisition strategy and processes.
Aurelio Banda appointed to key automation role for MRO distributor.
The pandemic has placed some business owners at a crossroads as to whether they should sell off to larger entities in 2021. By almost any measure, the mergers and acquisition market is set to rebound this year, but with that reset there are several factors to consider when it comes to selling out to distributors.
Genuine Parts Co., the parent of Motion, reported that the distributor’s 4Q sales of $1.4 billion were down 3.3% year-over-year and represented 34% of the company’s revenues in the period.
MRO distributor appoints seven to leadership roles in various divisions and regions around the country.
Company says rebrand is “intended to solidify the company’s structure and advance its position in the marketplace” and also coincides with Motion's 75th anniversary.
Stengel previously served as chief transformation officer of the company of Genuine Parts and his background also includes executive roles at HD Supply.
Genuine Parts Co., the parent of Motion Industries, reported that the distributor’s 3Q sales of $1.4 billion were down 18.6% year-over-year, or down 8.7% excluding the EIS divestiture.
Addition of Park Hills, Kentucky-based Applied Machine and Motion Control Inc. will broaden Motion’s offering to customers.
