04. FCX Performance - Top Fluid Power Distributors
2017 Revenue: $557,000,000
16:17 Change: 60.98%
2016 Revenue: $346,000,000
Key Executives: Tom Cox, Chief Executive Officer; Russell S. Frazee, Executive Vice President, Technology and Integrations; Chris Hill, Executive Vice President, Business Development; Jody Linnig, Senior Vice President of Sales; Brian Miller, Chief Financial Officer
In every sense of the phrase, “acquisitions” was the key word for FCX Performance in 2017 and into 2018. Early this year, FCX Performance was itself acquired by Applied Industrial Technologies.
“We are extremely excited about the strategic prospects and overall fit with Applied,” said Tom Cox, CEO of FCX. “The shared business philosophies and values … will provide enhanced value for our customers and excellent growth potential for our suppliers and team members.”
Late in 2017, FCX Performance acquired Basin Engine & Pump of Midland, TX. A pump repair house, Basin continues to operate as “Basin Engine & Pump” and is a division of FCX.
Earlier in 2017, FCX acquired Houston-based Eads Distribution, and The Massey Company, headquartered in Charlotte. Eads is a distributor of instrumentation and valves. The Massey Company has considerable fluid control experience and expertise.
Free Download: 2018 Top Distributors List
This free PDF includes lists of top distribution companies across 14 sectors. You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.