Announced
Completed
Financials
Sources
Tags
United States
material handling
industrial products
industrial services
Machinery: Construction
Domestic
Majority
Completed
Friendly
Acquisition
Private
Single Bidder
Private Equity
Synopsis
Frontenac-backed Motion & Control Enterprises, a supplier of technical fluid power, automation, flow control, compressed air products, filtration, service, and repair solutions, completed the acquisition of Piedmont, a provider of industrial products and services, including electric motors, cranes, material handling, fabrication/welding and machinery services. Financial terms were not disclosed. “Maintenance and repair capabilities are critically important for today’s customers and are consistent with our strategy of being a full-lifecycle provider of highly-engineered products and services. Piedmont is a well-recognized provider of electric motor and crane repair services, and the strategic combination of our businesses will be positive for our customers and employees,” Charles Hale, Chairman & CEO of MCE.
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