Motion & Control Enterprises, a portfolio company of Frontenac, has acquired Power & Pumps and Industrial Control Services.
Motion & Control Enterprises (MCE) is a supplier of more than 50,000 SKUs of fluid power, automation, flow control, compressed air and lubrication products to more than 23,000 MRO and OEM customers.
MCE operates from 37 facilities including 25 stocking locations and 8 manufacturing facilities in 13 states and is headquartered 28 miles north of Pittsburgh in Zelienople, Pennsylvania. The company was founded as the Ritter Engineering Company in Pittsburgh in 1951.
Power & Pumps (P&P) is a distributor of pumps, drives, blowers, vacuum, and power transmission products to municipal and industrial customers in Florida and Georgia. The company is also the North American master distributor for All Prime Pumps, a line of self-priming pumps sold to municipal and industrial end-users and resellers. P&P is headquartered in Jacksonville, Florida.
Industrial Control Services (ICS) is a distributor of specialty automation products, including robotics, motion control, machine vision, barcoding systems, controls and networking, and safety systems. ICS is headquartered in Zeeland, Michigan.
“We are very excited to welcome the talented associates of Power & Pumps and Industrial Control Services to the MCE family,” said Charles Hale, the chairman and CEO of MCE. “These businesses will expand our geographic reach, deepen our offering of automation solutions, and expand our presence in the fluid processing market.”
Frontenac acquired MCE in 2018 and with the buys of has P&P and ICS has now acquired 10 companies with the 8 earlier buys of Diversified Air Systems (2020), Swanson Flow (2021), Instrument Associates (2021), RSA (2021), Lone Star (2022), Quest Engineering (2022), Nightwine Valves & Actuation (2022), Precision Pump (2023).
“We have completed 10 acquisitions since December 2020 as we continue to expand our range of highly engineered, full lifecycle fluid, flow, automation, and air solutions to our customers,” added Mr. Hale.
Frontenac invests in lower middle-market businesses that have EBITDA from $5 million to $20 million and operate in the consumer, industrial, and services industries. In March 2022, Frontenac closed its twelfth fund, Frontenac XII Private Capital LP, with $520 million of capital. The firm was founded in 1971 and is headquartered in Chicago.
Heritage Capital Group was the financial advisor to P&P on its sale to MCE. Principals Alex Kellison and Dan Edelman led the Heritage transaction team.
© 2023 Private Equity Professional | June 30, 2023
