Concentric, an OnPoint Group Company Acquires Industrial Power Products
July 27, 2022
Concentric, LLC (an OnPoint Group company) has acquired Industrial Power Products, the largest motive power distributor in the Mid-South, adding seven branch locations and factory-trained service technicians. The deal expands Concentric's service footprint across West Tennessee, Arkansas, Louisiana and Mississippi and brings Industrial Power Products' digitally-enabled forklift power services into Concentric's ConcentricCARE platform; owners Scott and Michelle Monteath will remain in their roles.
- Buyers
- Concentric, LLC, OnPoint Group
- Targets
- Industrial Power Products
- Sellers
- Scott Monteath, Michelle Monteath
- Platforms
- Concentric, LLC
- Industry
- Industrial Services
- Location
- United States
- Transaction Type
- Addon
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