Concentric (OnPoint Group) Acquires STANGCO Industrial Equipment Inc.
August 11, 2021
Concentric, an OnPoint Group company, has closed the acquisition of STANGCO Industrial Equipment Inc., a California-based battery specialist for the material handling industry. The deal expands Concentric's forklift (motive) power footprint across Southern California and the U.S. West Coast as part of OnPoint Group's strategy to build a national, coast-to-coast service platform.
- Buyers
- Concentric, OnPoint Group
- Targets
- STANGCO Industrial Equipment Inc.
- Sellers
- Tom Stang (owner of STANGCO)
- Industry
- Industrial Services
- Location
- California, United States
- Transaction Type
- Addon
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