08/16/2024
Motion Industries, a leading distributor of maintenance, repair and operation replacement parts, and a premier provider of industrial technology solutions, signed a definitive purchase agreement to acquire the operating assets of Canadian-based LSI Supply and its sister company 273 Ontario (which trades as LSI). The transaction is expected to close later this month, subject to customary closing conditions.
Motion Industries will acquire Canadian-based LSI Supply and its sister company 273 Ontario.
Headquartered in Windsor, Ontario, LSI Supply has five area locations and distributes bearings, seals, power transmission and fluid power components, and industrial supplies. Industries served include agriculture, automotive, food and beverage, marine, plastic injection, renewable energy and tool and die. LSI also provides maintenance supplies for the military and wastewater services.
Jordan Sharpe, President, LSI said, “We are thrilled to join the Motion team and look forward to contributing to the company’s growth. With Motion, our offerings will be broader and deeper than ever, raising our customer service to new heights.”
“This acquisition will broaden our leadership position in eastern Canada,” said James Howe, President, Motion. “LSI’s talent, offerings and markets complement Motion’s perfectly. The business culture is an especially good fit, which is critically important when joining forces and providing premier customer service. We look forward to welcoming LSI’s 30+ employees and creating significant opportunities for our teammates and supplier partners, which will increase value for our customers.”
About Motion
With annual sales of over $8 billion, Motion is a leading industrial distributor of more than 19 million parts and supplies. To increase customers’ productivity, the company offers many value-added services, including engineering, fabrication, repair and Industry 4.0 solutions across these product groups. Motion North America has over 550 branches and service centers and 17 distribution centers. Motion is a wholly owned subsidiary of Genuine Parts Company. For more information, visit https://www.motion.com.
