Purvis Industries Acquires ErieTec in PA - Modern Distribution Management

Purvis Industries Acquires ErieTec in PA

ErieTec is an industrial distributor that operates six branches and has been serving western Pennsylvania since 1958.
Purvis Industries

On Jan. 3, Purvis Industries announced it has acquired “substantially all the assets, brand rights, websites, personnel and intellectual property” of ErieTec, an industrial distributor based in Erie, Pennsylvania. Financial details were not disclosed.

ErieTec, which was founded in 1958, has six branches. The company boasts extensive bearing, power transmission, electrical and material handling knowledge. Purvis said ErieTec’s mission statement aligns closely with its own, which is to “help our customers improve their profitability and efficiencies through the application of modern products and services.”

“ErieTec is a perfect fit for Purvis’ model and culture,” said Cameron Barker, Purvis Industries VP of Corporate Operations. “Their focus on local service, support, and inventory has served their customers well throughout ErieTec’s existence and we look for that to continue as they join our team.”

Purvis Industries, based in Dallas, Texas, has 100 locations covering 17 states. The company ranks No. 5 on MDM’s 2022 list of Top Bearings/Power Transmission Distributors.

MDM’s M&A Virtual Summit, to be held Feb. 21-22, has something to offer for any distributor on the dealmaking spectrum. We’ll cover the current state of M&A; how to maximize valuation; integration do’s and don’ts; ESOPs; the culture side of the M&A process; and more. Get details and register here.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.