JGB Enterprises, Inc. Acquires Industrial, Petroleum and Mining Supplies Limited (IPM) (d/b/a HPC)
JGB Expands into Canada with First Add-on Acquisition
We are elated to announce that JGB Enterprises has acquired HosePower Canada (HPC)!
Headquartered outside of Toronto, Ontario, HPC is a distributor of hydraulic, industrial and propane hose, fittings, and accessories. The Company has six locations across Eastern and Western Canada and serves over 3,000 customers across a variety of end markets including forestry, construction, agricultural, and diversified industrials.
This Acquisition allows JGB Enterprises to accelerate our geographic expansion throughout North America reigniting our Hydraulic Hose and Accessory product offering while leveraging collective commercial and operational synergies.
“HPC is a market-leading distribution platform in an industry where JGB has extensive experience and success, and we believe it represents a compelling opportunity to drive operating improvements and geographic expansion.” Kevin KilKelly, President JGB Enterprises, Inc.
JGB is a leading supply chain management and logistics services distributor of industrial hose, fluid power products, and hose assembly solutions throughout a diverse set of end markets including the US DoD, oil & gas, food & beverage, retail, construction, and industrial OEMs. The acquisition of HPC provides JGB entry into the attractive Canadian market and access to a complementary product.