Birmingham’s Motion Industries to Acquire Two Canadian Companies
Published: Aug. 15, 2024, 4:06 p.m.
Birmingham’s Noteworthy Announcement
Birmingham-based firm, Motion Industries, a prominent player in hydraulics and equipment, has proudly announced its acquisition of two more Canadian companies, continuing its expansion in the nation. The acquisition target companies are none other than LSI Supply Inc. and its sister company 273 Ontario, which operates under the trade name LSI.
A definitive agreement has already been inked for the acquisition of the operating assets of both companies. The final transaction is all set to conclude later this month. However, the financial contours of this deal remain undisclosed as of now.
About LSI Supply Inc. and 273 Ontario
Headquartered in Windsor, Ontario, LSI is a noted distributor of bearings, seals, power transmission, fluid power components, and more, operating from five different locations. It’s clear that the acquisition of LSI will further solidify Motion Industries’ footprint in the Canadian market, aligning with their long-term business growth strategies.
Motion Industries’ Growing Presence in Canada
Earlier this year, Motion Industries had already made its intent of expansion clear with the purchase of two other Canadian entities. The companies – Perfetto and SER Hydraulics, both based in Sudbury, Canada – have become part of Motion Industries’ successful growing portfolio.
The acquisition of these two companies signified Motion Industries’ strong interest in expanding its pan-Canadian presence. Now, the acquisition of LSI and 273 Ontario affirm Motion Industries’ commitment to foster its growth in the nation.
The purchase of these companies is indeed a strategic measure undertaken by Birmingham’s Motion Industries. By integrating the acquired businesses’ resources and capabilities, Motion Industries can expect a significant boost in its overall service offering and customer base in the Canadian market.
In Conclusion
Motion Industries is making strategic moves to expand its Canadian presence and bolster its service approach. This is evident with the acquisition of LSI Supply Inc. and 273 Ontario, piling onto their previous purchases of Perfetto and SER Hydraulics. With these purchases, we can see a clear image of the company’s growing footprint in Canada, paving the way for a promising future for this Birmingham-based company.
