Precision Electric Motors Sales & Packard Inc. Merge
OWOSSO, Mich. — Precision Electric Motor Sales, a master distributor in electric motor sales, and Kennesaw, Ga.-based Packard Inc., a master distributor of full-line HVACR solutions, announced the successful merger of the two companies.
The Precision Group, headquartered in Owosso, Mich., has a highly experienced management team comprised of executives from Precision and Packard. Steve Olmsted will lead The Precision Group as chief executive officer, and Susan Kirkland will serve as president. Tom Campbell, the current CEO of Packard, will continue to have an active role in the new company and serve as senior advisor.
“This partnership is a blending of two outstanding companies that will enable us to create a powerful force in the industry as the premier master distributor,” says Steve Olmsted.
“After months of planning, we are excited to realize our shared vision of creating a company that combines the best of both worlds for our customers and an exciting place for our employees to grow and thrive,” said Susan Kirkland. “This is a combination of two family companies, and we remain committed to making our customers and employees feel like part of our family. As we navigate through all the details of integrating the two companies, the success and security of our customers and employees is our main priority.”
The Precision Group’s immediate focus is on integrating the two businesses and establishing a new organizational structure.
The Precision Group will have five full-line distribution centers in Georgia, Indiana, Connecticut, Kansas and the West Coast, along with additional strategically placed warehouses across the country that will focus on same-day shipping, local will call and delivery. The Precision Group’s goal is to provide 24- to 48-hour shipping service to 48 states by October 2016.
For more information about Precision Electric Motor Sales, visit: www.pemsmotors.com.
For more information about Packard, visit: www.packardonline.com.