Is your parts department the backbone of your dealership? It better be
The parts department is often referred to as the backbone of a dealership. It provides essential support to the service team, ensures customers receive the necessary components and contributes significantly to the dealership’s bottom line. Despite its critical role, the parts department frequently encounters challenges in maintaining operational efficiency, keeping up with customer expectations, and competing with online resellers....
MHEDA Presents TVH with 10th straight Most Valuable Supplier Award
TVH Americas has been awarded the MVS (Most Valuable Supplier) Award for its outstanding achievements in 2024 by their industry trade association, Material Handling Equipment Distributors Association (MHEDA). This achievement marks the 10th consecutive year that TVH has achieved the Award. The MVS Award is a coveted accolade within the industry, with fewer than 10% of MHEDA’s member organizations earning this distinction. TVH’s...
California industrial distributor acquisition
Motion Industries, Inc., has announced its forthcoming acquisition of Thompson Industrial Supply, Inc. Thompson Industrial Supply, a family-owned and operated enterprise based in California, has been delivering industrial technology solutions for over 40 years and has garnered a reputation for its expertise and dedication to customer service. The acquisition, anticipated to be finalized by the end of February 2025, will broaden Motion...
Motion to purchase industrial distributor in Hawaii
Strengthens service in Pacific market Motion Industries, Inc. signed a definitive purchase agreement to acquire the net operating assets of Maguire Bearing Company, Ltd., an industrial distributor based in Hawaii. The transaction is expected to close at the end of February 2025, subject to customary closing conditions. Maguire Bearing has served the Hawaii and surrounding Pacific Rim market since 1955, when it was founded by William...
Chamberlain Group acquires Multi-Fab Products
Latest expansion will further accelerate growth Chamberlain Group (CG), has announced the acquisition of Multi-Fab Products and (MFP-Nova), a global manufacturer, distributor and reseller of loading dock equipment and associated parts. This acquisition will expand CG’s finished product portfolio and service parts offerings around the Dock Equipment space – creating another revenue stream for the growing business. “There are many...
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