Motion Enters into Agreement to Purchase Industrial Products Distributor

Aug. 14, 2024 - Motion Industries, Inc., a leading distributor of maintenance, repair and operation replacement parts, and a provider of industrial technology solutions, signed a definitive purchase agreement to acquire the operating assets of Canadian-based LSI Supply Inc. and its sister company 273 Ontario (which trades as LSI).

The transaction is expected to close later this month, subject to customary closing conditions.

Headquartered in Windsor, Ontario, Canada, LSI Supply has five area locations and distributes bearings, seals, power transmission and fluid power components, and industrial supplies.

"This acquisition will broaden our leadership position in eastern Canada," said James Howe, President of Motion. "LSI's talent, offerings and markets complement Motion's perfectly. The business culture is an especially good fit, which is critically important when joining forces and providing premier customer service. We look forward to welcoming LSI's 30+ employees and creating significant opportunities for our teammates and supplier partners, which will increase value for our customers."

With annual sales of over $8 billion, Motion is a leading industrial distributor of more than 19 million parts and supplies, including bearings; mechanical power transmission products; electrical and industrial automation components; hose, belting, and gaskets; hydraulic and pneumatic components; process pumps; industrial and safety products; seals and accessories; and material handling products and solutions.

SOURCE: Motion Industries, Inc.