EBSCO Capital recently confirmed its acquisition of hydraulic equipment and component distributor, Hydrolico International Inc., according to a press release.
“We are excited about the combination of Hydrolico with Bailey,” managing director of EBSCO Capital, Nathan Bouknight, said in the release. “The market synergies, complementary portfolio of products and geographic expansion will help Bailey and Hydrolico better serve their customers and achieve their vision of international expansion, new electro-hydraulic technical capabilities, increased capacities and technical sales strength.”
Hydrolico’s operations based in Montreal, Canada and Walker, Michigan will now work to leverage Bailey’s North American infrastructure and customer service support worldwide. Its sales and distribution network will also reinforce Bailey’s existing strategy, the press release reported.
The acquisition will expand Bailey’s existing slate and strengthen its hydraulic and pneumatic-related services. The company will operate in agencies across the U.S and Canada.
“This combination allows us to bring a combined 70 years of expertise to the market,” CEO of Bailey International, Ken Baker, said in the release. “We look forward to providing more products, additional capabilities and excellent service to our customers.”
Specializing in mobile hydraulic power solutions, Hydrolico, based in Knoxville, Tennessee, was deemed an appropriate addition for Bailey International, LLC's catalog of products and capabilities including hydraulic cylinders, manifolds, valves and other equipment.
“We have a high degree of confidence in the Bailey leadership team and their ability to grow the business organically and through acquisitions. Hydrolico is an excellent strategic fit that will provide Bailey with significant growth opportunities,” President and CEO of EBSCO Industries David Walker said. “We look forward to welcoming the Hydrolico team members and continuing their legacy of providing excellent service and high-quality products.”