Motion Industries Acquires Hydraulic Supply Co.
The transaction officially closed on Oct. 1
BIRMINGHAM, Ala. — Motion Industries Inc., a wholly owned subsidiary of Genuine Parts Co., acquired Hydraulic Supply Co. (HSC). Execution of the transaction was completed on October 1.
“I’m grateful to see our company able to continue growing as a division of Motion Industries – a great cultural fit and shared values,” said Jim Inglis, CEO, HSC. “I’m extremely thankful for all that the Hydraulic Supply Co. team members have done for me, my family, and for each other over the last 71 years. I know that under Motion Industries leadership, it’s going to continue to be a fun and exciting future.”
John Serra, president, HSC, said when the company began to explore selling, culture remained at the very top of leadership’s concerns.
“Spending time with Motion’s executive team quickly resolved those concerns,” he said. “Coupling that with Motion’s vision to see HSC operate as a vertical business unit within Motion’s existing footprint assured both Jim Inglis and I that we didn’t need to look any further.”
Founded in 1947, HSC is a full-service distributor, offering customers a wide selection from more than 8,000 hydraulic, pneumatic, and industrial products. Its team of experienced technicians provide a wide variety of services, including hydraulic repair, hose assembly and kitting, tube bending and flaring, and manual valve assembly. In addition, HSC has a strong reputation in the market for being a solutions provider for customers in a wide range of industries, from agriculture to mining to transportation.
“We are pleased to welcome HSC to the Motion team,” said Kevin Storer, executive vice president, U.S. operations, and president of Motion Mexico. “The addition of HSC further expands our reach and commitment to Motion’s customers in the fluid conveyance channel.”
Tony Cefalu, senior vice president, Conveyance Solutions Group, Shops, and Service Centers, Motion Industries, believes Hydraulic Supply Company’s culture, team, and geographic coverage are a wonderful fit for Motion Industries.
“We’re excited to work with John Serra to grow and expand the footprint of the company that Jim Inglis and his father built,” he said. “HSC will operate as a vertical division within Motion’s Conveyance Solutions Group.”
Headquartered near Miami, HSC serves customers throughout and beyond its 30-location footprint, mainly in the Southeast U.S. HSC also conducts international sales through its office in Monterrey, Mexico.
For more information, visit www.motionindustries.com.
Publication date: 10/23/18