Motion Industries Closes on Deal to Acquire Hydraulics Distribution Business
“We are pleased to welcome Hydraulic Supply to the Motion team,” said Kevin Storer, executive vice president for U.S. operations and president of Motion Mexico. “The addition of Hydraulic Supply further expands our reach and commitment to Motion’s customers in the fluid conveyance channel.”
Based in Florida, 71-year-old Hydraulic Supply employs approximately 200 people and operates two dozen retail stores, a central distribution center, and a repair and service center. Motion Industries expects it to generate around US$85 million in annual revenue.
“I’m grateful to see our company able to continue growing as a division of Motion Industries – a great cultural fit and shared values. I know that under Motion Industries leadership it’s going to continue to be a fun and exciting future,” said Hydraulic Supply chief executive Jim Inglis.