JGB Enterprises Acquires HosePower Canada (Industrial, Petroleum and Mining Supplies Ltd.)
June 10, 2021
JGB Enterprises, backed by HCI Equity Partners, has acquired Industrial, Petroleum and Mining Supplies Limited d/b/a HosePower Canada (IPM). The add-on acquisition (closed June 10, 2021) gives JGB entry into the Canadian market, adding six locations, a complementary hose and fittings product portfolio and service capabilities to serve roughly 3,000 customers across forestry, mining, construction, agriculture and other industrial end markets.
- Buyers
- JGB Enterprises, Inc., HCI Equity Partners
- Targets
- Industrial, Petroleum and Mining Supplies Limited (d/b/a HosePower Canada)
- Platforms
- JGB Enterprises, Inc.
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Transaction Type
- Addon
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