Motion, a distributor of maintenance, repair and operation replacement parts, signed an agreement to acquire the operating assets of Perfetto Manufacturing and SER Hydraulics.
Financial terms of the deals were not disclosed. The deals are expected to be finalized at the end of this month, according to Motion.
Perfetto has been in business since 1986 and SER Hydraulics since 1978. Located in Sudbury, Canada, Motion says each has grown to provide engineered solutions, service and equipment for hydraulic and pneumatic cylinders, complex power units and other assets used in fluid power systems throughout the area.
“We look forward to welcoming these two terrific organizations, especially the talented employees,” says Randy Breaux, president of GPC North America, which is the parent company of Motion. “These world-class experts will be key to our market-growth strategy, and we look forward to extending our position together as a premier leader in industrial solutions.”
Adds Gerald Perfetto Sr., owner of Perfetto and SER: “After more than 30 successful years in business, we want to thank our loyal customers and employees for contributing to our success. The Motion team is committed to continued investment in the business, which will bring great opportunities for our customers, employees and the communities in which we work and live. We couldn’t be more pleased with the interest that Motion has taken in our business and wish everyone continued success.”
