03/26/2024
Motion Industries, Inc., a leading distributor of maintenance, repair, and operation replacement parts, and a premier provider of industrial technology solutions, signed a definitive purchase agreement to acquire the operating assets of Perfetto Manufacturing and SER Hydraulics. Subject to customary closing conditions, the transaction is expected to be finalized at the end of February.
Motion’s Canadian hydraulic/pneumatic footprint to expand.
The affiliated organizations are well-established, with Perfetto in business since 1986 and SER Hydraulics since 1978. Located in Sudbury, Canada, each has grown to provide engineered solutions, service and equipment for hydraulic/pneumatic cylinders, complex power units and other assets used in fluid power systems throughout the area, which is central to the mining, agricultural and forestry industries. The dual acquisition will expand and improve Motion’s services to these and other heavy-industry customers.
“After more than 30 successful years in business, we want to thank our loyal customers and employees for contributing to our success,” said Gerald Perfetto Sr., Owner. “The Motion team is committed to continued investment in the business, which will bring great opportunities for our customers, employees, and the communities in which we work and live. We couldn’t be more pleased with the interest that Motion has taken in our business and wish everyone continued success.”
“We look forward to welcoming these two terrific organizations, especially the talented employees,” said Randy Breaux, President of GPC North America. “These world-class experts will be key to our market growth strategy, and we look forward to extending our position together as a premier leader in industrial solutions.”
Financial terms of the transaction were not disclosed.
About Motion
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. To increase customers’ productivity, the Company offers many value-added services, including engineering, fabrication, repair, and Industry 4.0 solutions across these product groups. In addition, Motion Automation Intelligence (Motion Ai), Motion Conveyance Solutions and Motion Repair & Services were formed to offer a wide range of specialized, related products and innovative solutions for many applications.
Motion North America has over 600 branch and service center locations and 19 distribution centers. Motion Asia Pacific has 150 locations and 16 distribution centers in Australasia. Motion serves more than 200,000 OEM and MRO customers in the equipment and machinery, food and beverage, pulp and paper, iron and steel, chemical, mining and aggregate, petrochemical, automotive, semiconductor, wood and lumber, medical and pharmaceutical industries. Motion is a wholly owned subsidiary of Genuine Parts Company (NYSE: GPC). For more information, visit https://www.motion.com.
