It gains the distributor two locations and 44 employees.
Louisville, Kentucky-based hydraulics, pneumatics, automation and hosing distributor Air Hydro Power announced Dec. 4 that it has acquired the stock of Lebanon Power and Apparatus, which is based in Lebanon and Bowling Green, Kentucky.
Terms were not disclosed for the deal, which closed Dec. 1.
Founded in 1963, Lebanon Power and Apparatus has a 48,000-square-foot facility in Lebanon and a 12,500-square-foot facility in Bowling Green — both which perform remanufacturing and complete repairs for AC motors up to 5,000 HP/7,200V and DC motors up to 2500HP/750VDC. Those facilities also offer a range of field services.
“AHP with the resource, expertise and breadth of geographic coverage opens many new markets for us. Lebanon Power compliments AHP’s current offerings and provides larger capabilities for extremely large motor remanufacturing,” said Tim Clark, President of Lebanon Power. “We are excited about this new opportunity and excited to become part of the Houchens family of ESOP companies.”
“Lebanon Power compliments and expands on the capabilities of Gatterdam Industrial Supply to provide customers with complete motor and pump service from small to extremely large,” added Matt Ott, Co-CEO of Air Hydro Power. “This gives AHP three specialized motor and pump facilities in Kentucky. We look forward to working with the great team at Lebanon Power.”
Besides the facilities, tha acquisition adds 44 new employees to AHP. Tim Clark will remain General Manager of the Lebanon Power Division of AHP.
Louisville, Kentucky-based AHP serves Kentucky, southern Indiana, Alabama, Mississippi, Florida panhandle, West Virginia and southeastern Ohio with a range of hydraulics, pneumatics, electrical automation and hose and fittings products and services. AHP has 24 locations and over 300 employees.
The ESOP company was acquired by Houchens Industries at the end of 2022.
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Mike Hockett
Mike Hockett is MDM’s executive editor, having joined the publication in March 2022. He oversees MDM’s editorial content and direction, coordinates with contributing authors, conducts interviews with executives in the wholesale distribution space and serves as the editorial face of MDM at industry events. He has extensively covered the distribution and manufacturing sectors since 2014. Hockett earned a degree in print journalism from the University of Wisconsin-Eau Claire and works from his home in Madison, Wisconsin. He can be contacted at mike@mdm.com.
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