Concentric acquires motive power distributor Industrial Power Products
Concentric, a portfolio company of OnPoint Group, has acquired Industrial Power Products, a motive power distributor in the US Mid-South, for an undisclosed price.
This acquisition will grow its service footprint across West Tennessee, Louisiana, Arkansas, and Mississippi, said Concentric, which is engaged in providing DC power management and maintenance for the critical power and material handling industries.
Scott Monteath — Industrial Power Products Owner said: “We could not be more thrilled to join forces with Concentric, furthering our joint mission to bring safety, consistency and cost savings to manufacturers and distributors across the country. We will now have the capability to utilize our service expertise to impact a national customer base.”
Industrial Power Products operates seven branch locations, which have service technicians who are said to be factory-trained in repairing battery, charger, and battery handling equipment.
Its digitally-enabled power services are said to complement ConcentricCARE, which is the digital PM platform of Concentric.
John Winter — Concentric Chief Operating Officer said: “I’ve had the privilege of collaborating with Scott and Michelle for years and this partnership is both personally and professionally exciting. The culture at Industrial Power Products is remarkable and they are renowned for their tech-forward service focus.
“We look forward to incorporating their DNA into our culture as we pursue our vision to provide a zero service interruption experience to customers.”