It stems from Motion’s recent $1.3 billion acquisition of Kaman Distribution Group and unites the company’s top-tier fluid power business units.
Latest In Motion Industries
The company’s 1Q earnings and subsequent commentary shed light on several other factors driving growth at the MRO parts distributor besides its recent $1.3 billion acquisition of Kaman Distribution Group.
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Download MDM’s M&A Report: Activity in all industries finished 2021 at record levels, with more than 5,000 deals completed in the fourth quarter alone.
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MDM this year has hosted an array of guests from across the distribution industry, and many of them have reflected similar outlooks: Challenges may persist, but companies are eyeing realistic paths to growth.
The MRO Distributor has promoted Jon Tart to vice president of the company’s Southeast Group.
Year-end reports of publicly traded distributors support Q4 Baird-MDM Quarterly Industrial Distribution Survey results. Public company commentary remains optimistic for strong year.
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Motion Industries President Randy Breaux shares details on how the deal came together, synergies and future growth opportunity in this deeper dive into the $1.3-billion transformative acquisition combining the No. 1 and No. 3 power transmission/motion controls distributors in North America.
Owens & Minor agreed to acquire Apria for an equity value of about $1.45 billion, just one week after Motion Industries completed its $1.3-billion purchase of Kaman Distribution Group.
Enlivened by the chance to safely rub elbows with other distribution stakeholders, industry leaders met this week to discuss the future of the industry, including planning for future growth and retaining quality talent.
GPC last month agreed to acquire Kaman Distribution Group under GPC’s wholly-owned subsidiary, Motion Industries, Inc.
The deal strengthens Motion’s ability to compete – particularly for wallet share – against other broadline industrial product distributors.
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'Highly synergistic' acquisition valued at $1.3 billion, according to Genuine Parts Company.
MRO distributor announces that John Watwood has been promoted to vice president of operations integration, effective immediately.
CEOs from leading distributors Grainger, Fastenal, Applied, MSC and Motion reveal secrets to their success during a challenging third quarter.
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Motion's third-quarter sales were $1.6 billion, up 14.5% from 2020 and representing 34% of total company revenues.
Motion President Randy Breaux talks in an MDM podcast about pandemic-era lessons learned, and what he sees coming down the pipe in 2022.
Genuine Parts Co., the parent of Motion, reported that the distributor’s 1Q sales of $1.5 billion were up 0.1% year-over-year and represented 34% of the company’s revenues in the period.
Jim May, who joined the company in 2020, will now be charged with advancing the company’s acquisition strategy and processes.
Aurelio Banda appointed to key automation role for MRO distributor.
