MCE Declares 2nd Deal in 8 Days, Provides Tripp Electrical Motors in Florida

Movement & Management Enterprises (MCE) has accomplished its second acquisition introduced in an eight-day span, including Belle Glade, FL-based Tripp Electrical Motors to additional increase its restore and repair footprint in Florida.

The Zelienople, PA-based distributor introduced Could 21 that it acquired Tripp Electrical Motors, a supplier of restore and upkeep companies for electrical motors, gearboxes, pumps and associated course of gear utilized in municipal and industrial functions throughout Florida. Phrases weren’t disclosed.

The acquisition follows MCE’s Could 13 announcement that it acquired TLR Hydraulics Inc., persevering with an energetic development stretch for the fluid energy, automation and industrial provides distributor.

Based in 1992, Tripp serves clients throughout Florida from its Belle Glade location and can proceed working beneath the Tripp Electrical Motor identify and current management by Jimmy Tripp.

“We’re excited to announce this acquisition which strengthens our pump, motor and course of gear restore capabilities within the rising Florida water and wastewater market,” MCE Chairman and CEO Charley Hale stated within the firm’s announcement. “Tripp’s longstanding buyer relationships and restore capabilities are an ideal addition to our current Florida operations.”

Hale added that the mixture positions the corporate to raised assist clients’ “complicated, full lifecycle wants.”

Based in 1951, MCE distributes technical fluid energy, automation, circulation management, rotating gear and filtration merchandise, together with restore and repair options. The corporate serves greater than 33,000 OEM and end-user clients by means of 62 services throughout 18 states.

MCE is backed by Chicago-based personal fairness agency Frontenac, which focuses on decrease middle-market buyout investments in industrial, client and companies sectors.