On Sept. 1, heavy equipment and industrial supplies distributor Wajax Corp. announced that it has acquired Sault Te. Marie, Ontario-based Beta Fluid Power Ltd. and Beta Industrial Ltd.
Beta Fluid is a regional distributor of hydraulic and pneumatic equipment used in industrial, mining and construction sectors, while Beta Industrial provides a variety of on-site facility repair and maintenance services to local and regional customers.
Terms of the deal were not disclosed.
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Combined, Beta Fluid and Beta Industrial have approximately 42 full-time employees. The acquisition figures to boost Wajax’s Industrial Parts business unit, which was No. 41 on MDM’s 2023 Top Industrial Distributors List, No. 19 for MRO distributors and No. 4 for Power Transmission/Bearings distributors.
“Since 1997, the Beta team has developed a reputation for dependability and excellent customer service, and we are very pleased to welcome them to the growing Wajax family,” said Iggy Domagalski, Wajax President and Chief Executive Officer. “Through acquisitions such as Beta, and our recently completed Polyphase Engineered Controls acquisition in Alberta, we continue to execute our Industrial Parts and Engineered Repair Services growth strategy, adding sought-after technical capabilities and expanding the services we offer to customers across the country. We look forward to further additions to our Industrial Parts and Engineered Repair Services portfolio as we continue to develop our acquisition pipeline.”
The transaction is subject to post-closing adjustments.