Last week, Motion Industries, Birmingham, AL, a $3.5 billion subsidiary of Genuine Parts Company, announced it had acquired General Tool and Supply, a regional industrial supplies distributor based in Portland, OR. Motion has also acquired General Tool’s subsidiary Industrial Tool and Supply, Tucson, AZ.
The company’s president, Bill Derville, told MDM shortly after the announcement that though selling to Motion was part of an eventual exit strategy for himself and other key stakeholders, it would also bring other benefits to the long-time family-held distributor.
One benefit: growth opportunities.
Derville says that the move will help take the company to the next level with the …
Why General Tool & Supply Sold to Motion Industries
Last week, Motion Industries, Birmingham, AL, a $3.5 billion subsidiary of Genuine Parts Company, announced it had acquired General Tool and Supply, a regional industrial supplies distributor based in Portland, OR. Motion has also acquired General Tool’s subsidiary Industrial Tool and Supply, Tucson, AZ.
The company’s president, Bill Derville, told MDM shortly after the announcement that though selling to Motion was part of an eventual exit strategy for himself and other key stakeholders, it would also bring other benefits to the long-time family-held distributor.
One benefit: growth opportunities.
Derville says that the move will help take the company to the next level with the …
Share this article
- Filed In: Companies, Finance, Free, MDM Blog, Mergers & Acquisitions, Subscriber Only, Top Distributor Sectors
Lindsay Young
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
