Motion & Control Enterprises Acquires Three ParkerStoresTM from Motion & Flow Control Products
Motion & Control Enterprises (MCE) Marks 15th Completed Acquisition Since January 2023
Zelienople, PA – Motion & Control Enterprises (“MCE”) announced today that it has acquired three ParkerStoreTM locations in Williston, ND, Sioux Falls, SD, and Sidney, MT (the “Business”) from Motion & Flow Control Products, Inc. (“MFCP”).
The three ParkerStoresTM are regional sources for hose, fitting, hydraulics, and filtration products and services across North Dakota, South Dakota, and eastern Montana. The Williston location also includes a Parker Truck Hydraulics Center where it distributes, builds, and repairs complete hydraulic systems for both end users and fleet customers. The Business will operate under the MCE name and under the continued leadership of the District Manager, Randy Iversen.
“We are thrilled to welcome Randy and his talented team to the MCE family,” said Charley Hale, Chairman & CEO of MCE. “By combining our resources and expertise, this acquisition positions the combined business to accelerate growth and provide an even more comprehensive suite of highly engineered solutions to our valued customers.” Hale noted that “the acquisition further strengthens MCE’s presence in the Bakken region, allowing us to offer an increased local presence and critical additions to our comprehensive fluid power and flow control solutions offering.”
“We have a lot of respect for our teams that will now be a part of the MCE family, they will be greatly missed,” Ross Surratt, MFCP’s CEO, commented, “We are confident that these teams will fit well in the Bakken strategy that MCE is executing, and they will continue to see significant growth opportunity. I want to thank the MCE team; it was a pleasure working with them throughout this process.”
About Motion & Control Enterprises
Founded in 1951, MCE is a supplier of technical fluid power, automation, flow control, rotating equipment products, filtration, service, and repair solutions. The Company serves more than 31,700 OEM and end-user customers from 61 facilities located in 18 states. For more information, please visit www.mceautomation.com.
About Frontenac
Frontenac is a Chicago-based private equity firm. The firm focuses on investing in lower middle market buyout transactions in the consumer, industrial, and services industries. Frontenac works in partnership with established operating leaders, through an executive-centric approach called CEO1ST®, which seeks to identify, acquire, and build market-leading companies through transformational acquisitions and operational excellence. Over the last 50+ years, Frontenac has built a franchise working with over 300 owners of mid-sized businesses as they address complex transition issues of liquidity, management enhancement, and growth planning. For more information, please visit www.frontenac.com.