Purchase reflects Winsupply's shared-ownership model
DAYTON, Ohio — Winsupply Inc. has purchased Industrial Equipment & Parts, a Plymouth, Minnesota-based distributor of heavy industrial pumps. Details of the asset purchase were not disclosed.
Industrial Equipment & Parts provides heavy industrial pumps and supporting value-added parts and services to its customer base of pulp, paper, and ethanol industries in five surrounding states of the Upper Midwest. Scott Koontz, previously the general manager at Industrial Equipment & Parts, is staying and will make a substantial investment in the acquired company, and become minority owner and president of the single-location business. Winsupply is the majority owner, reflecting its entrepreneurial, shared-ownership business model.