Industrial parts distributor Motion Industries (Canada) Inc. is acquiring Edmonton-based industrial distributor Commercial Solutions Inc. for almost $22 million.
Commercial Solutions is said to be one of Canada’s leading independent industrial distributors, with 23 services centres and approximately 275 employees located across Canada. The company represents 450 manufacturers and serves 11,000 customer accounts across oil and gas, food processing, chemical processing, and other industries.
“The acquisition of Commercial better positions Motion Industries for continued growth in the Canadian marketplace,” said Bill Stevens, chairman and CEO of Alabama-based Motion Industries.
Motion Canada is an indirect wholly-owned subsidiary of Motion Industries and Genuine Parts Co. Genuine Parts Co. is a distributor of automotive replacement parts in the U.S., Canada, Mexico, and Australasia. The company also distributes industrial replacement parts in the U.S., Canada and Mexico through its Motion Industries subsidiary. Genuine posted 2012 revenues of US$13 billion.