Concentric, LLC (an OnPoint Group company) Acquires Power Grid
March 24, 2022
Concentric, LLC, a national leader in DC power management and part of OnPoint Group, has acquired Power Grid, a Midwestern industrial power specialist headquartered in Indianapolis, Indiana. The acquisition expands Concentric's forklift power and critical power service capabilities and strengthens its presence across key Illinois and Indiana markets.
- Buyers
- Concentric, LLC, OnPoint Group
- Targets
- Power Grid
- Platforms
- Concentric, LLC
- Industry
- Industrial Services
- Location
- Indiana, United States
- Transaction Type
- Addon
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Concentric, an OnPoint Group Company Acquires Industrial Power Products
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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.
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Concentric, LLC (an OnPoint Group Company) Acquires All Battery Sales and Service
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Concentric, LLC, an OnPoint Group company, has acquired All Battery Sales and Service, a provider of DC power solutions for forklifts and automotive/specialty power products. The acquisition expands Concentric's service footprint into the Northwestern United States (Washington, Oregon and Idaho) and broadens its forklift power and automotive/specialty power offerings.
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Concentric (OnPoint Group) Acquires Mesa Technical Associates
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Concentric, LLC, an OnPoint Group company, has acquired Mesa Technical Associates, a provider of DC power systems and turn-key engineering, installation and service for mission-critical infrastructure. The deal expands Concentric's critical power footprint into New York and the Northeastern U.S. while adding Mesa's technical talent and capabilities serving utilities, telecommunications and energy storage markets.
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Concentric, LLC (an OnPoint Group Company) Acquires Southern States Enterprises, Inc.
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Concentric, LLC, an OnPoint Group company, has acquired Southern States Enterprises, Inc., a Florida provider of forklift power, docks, doors, racking and warehouse equipment services. The deal expands Concentric's footprint across Florida and augments its material-handling and warehouse services capabilities.
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Concentric, LLC (an OnPoint Group Company) Acquires Texas Motive Solutions
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Concentric, LLC, an OnPoint Group company and national leader in DC power management, has acquired Texas Motive Solutions, a provider of battery sales and service solutions to forklift dealers across Texas. The acquisition expands Concentric's footprint and capabilities in the Dallas and Houston logistics markets and will merge Texas operations under Evin Sisemore's leadership.
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Mitsubishi Heavy Industries Acquires Concentric, LLC
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Mitsubishi Heavy Industries, Ltd. (MHI) completed the acquisition of 100% of Concentric, LLC from OnPoint Group on October 2. The acquisition establishes a new North American structure to expand MHI’s capabilities in power systems, electrification and energy services for data centers, logistics warehouses and industrial facilities.
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