Motion & Control Enterprises (MCE) has announced the acquisition of Romanoff Industries, a well-established distributor of electric motors. Romanoff, founded in 1979 and based in Toledo, Ohio, will continue to operate under its current name and leadership. The acquisition marks MCE’s 13th acquisition in 2023, demonstrating an aggressive expansion strategy. Charles Hale, CEO of MCE, emphasized the synergies and expanded capabilities resulting from this acquisition. Frontenac, a Chicago-based private equity firm, supports MCE in its investment endeavors. The strategic integration aims to benefit both companies by leveraging combined resources and expertise.

Private Equity, Industrial Equipment, Distribution and Supply Chain,United States, Ohio, Pennsylvania

https://frontenac.com/motion-control-enterprises-completes-13th-acquisition-since-january-2023-acquires-romanoff-industries/