News Summary
Motion Industries is set to complete its acquisition of Lubbock’s M.B. McKee, a family-owned business known for distributing mechanical components since 1943. The transition, expected to finalize by the end of January, ensures continuity of leadership while expanding Motion’s regional presence and offerings. This significant change comes as the community anticipates enhanced services and products from the longstanding local supplier.
Exciting Changes on the Horizon for Lubbock’s M.B. McKee
In the heart of Lubbock, a remarkable transition is about to take place as Motion Industries finalizes its acquisition of the venerable family-owned business, M.B. McKee. This acquisition is expected to wrap up by the end of January, pending customary closing conditions. It’s a significant moment for a business that has been proudly serving the community since its founding in 1943.
A Legacy of Quality and Service
M.B. McKee has built a solid reputation over its impressive 82-year history. This company specializes in distributing essential items such as mechanical bearings, belts, chains, motors, and drive systems. It caters to various sectors including industrial, commercial equipment, agriculture, and textiles, making it a critical player in the regional economy.
Notably, M.B. McKee operates through three locations in Lubbock, Amarillo, and Hereford, Texas. With approximately 30 dedicated employees, the company has fostered a strong sense of community and collaboration within its workforce.
Transitioning Ownership with Enthusiasm
The transition to new ownership has been met with a wave of enthusiasm from the current leadership team. Cindy Cole, the president and majority owner of M.B. McKee, is looking forward to the new chapter this acquisition brings. Alongside her, her husband, Kirk Cole, who serves as vice president of sales, and her brother, Mark McKee, currently vice president and partial owner, will retain their roles post-acquisition. This continuity aims to ensure that the company’s core values and high-quality service will remain intact.
Motion Industries: A Giant in Distribution
Headquartered in Birmingham, Alabama, Motion Industries is no stranger to the world of industrial distribution. Known as one of the leading distributors of maintenance, repair, and operation replacement parts, they are committed to providing innovative technology solutions. Ranking as the number two distributor on ID’s 2024 Big 50 list, Motion is poised to leverage this acquisition to enhance its regional footprint.
Strategic Fit for Growth
The acquisition of M.B. McKee is seen as a strategic move for Motion Industries, providing an opportunity to expand their products and services. By integrating M.B. McKee’s established platform with their own operations, Motion aims to enhance not only their regional presence but also their overall offerings. This transition is anticipated to support Motion’s growth initiatives, fortifying the company’s status as a premier distributor within the industry.
What’s Next for M.B. McKee?
Although the specific financial details of the acquisition have yet to be disclosed, the buzz around this development is palpable. Many in the community are eager to see how this transition will unfold and how M.B. McKee will continue to operate under the umbrella of Motion Industries. This acquisition raises many questions about the future, but for now, the excitement surrounding the deal suggests a bright path ahead.
As M.B. McKee embarks on this new journey, there is much anticipation regarding the positive outcomes for both the business and its loyal customers. Lubbock stands to benefit greatly from the enhanced services and products that will surely follow!
Deeper Dive: News & Info About This Topic
- Lubbock Online: M.B. McKee Sold to Motion Industries
- MDM: Motion to Acquire M.B. McKee in Northwest Texas
- Industrial Distribution: Motion to Acquire M.B. McKee
- Control Design: Motion Enters Agreement to Purchase Texas Distributor
- Lubbock Online: Batteries Plus Announces Lubbock Store
- Wikipedia: Acquisition
- Google Search: M.B. McKee
- Encyclopedia Britannica: Industrial Distribution
- Google News: Motion Industries
