M&A volume hasn’t completely returned to pre-COVID volume, but last month saw decent activity and some multibillion-dollar deals, including two in building materials & construction and one involving a distribution ERP provider.
Latest In Motion Industries
Motion Industries, a subsidiary of Genuine Parts Co., announced Monday it has acquired Canada-based TRC Hydraulics and California-based F&L Industrial Solutions.
Sales for the Industrial Parts Group increased 10.2%.
Fluid Power House is an engineering-focused, full-service fluid power distributor supplying hydraulic systems and solutions at four locations in Ontario.
EIS became the Electrical Specialties Group of Motion Industries in March of 2018.
Jeremy Barton was most recently Mountain Division sales manager at Motion Industries.
Watwood has been division vice president, general manager of the Nashville division of Motion Industries since 2014.
Industrial Parts Group sales were up 8.6 percent for the year.
The company will continue its focus on motion control, robotics and machine vision.
Company veteran Joe Limbaugh named senior vice president of supply chain, operations support and marketing.
Randall Breaux was previously executive vice president of marketing, distribution and purchasing for the company.
Company promotes Kevin E. Herron to president, U.S. Automotive Parts, and Randall P. Breaux to president, Motion Industries.
Senior VP and CIO Ellen Holladay receives 2018 Wendy B. MacDonald Award
Hal Midkiff to help grow Process Pumps & Equipment business as product sales manager, company says.
Automotive Group sees 23 percent sales increase while Industrial Groups sales rise 8 percent.
HSC will operate within Motions Conveyance Solutions Group.
The acquisitions are expected to add $100 million on annual revenues for the company.
Distributor promotes Pamela Sims to vice president of marketing.
With Breen at the helm, Motion Industries attained its record $5 billion sales goal at the end of 2017.