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Marco Group Acquires Equipment Distributor

Friday, January 12, 2018

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Coating and surface preparation equipment firm Marco Group International (Davenport, Iowa) announced last week it has acquired distributor JAD Equipment (Youngstown, Ohio).

Marco, a portfolio company of The CapStreet Group, revealed the news Jan. 5; the Iowa firm has been in business for more than 70 years and is known as a manufacturer and distributor of surface preparation equipment such as blast systems, dust collectors and abrasive media, as well as coating-application and safety equipment.

Marco equipment
Marco Group

Equipment manufacturer Marco Group International has purchased Youngstown, Ohio-based distributor JAD Equipment.

JAD specializes in distribution, sales, rentals, repairs and retrofits to equipment for blasting, coating application and safety. The company, which caters mainly to industrial and infrastructure-industry contractors, has been in business since 2001.

Executive Comment

“We are excited to join the Marco team,” said Joe Hunsbarger, co-founder and owner of JAD. “Marco has built an industry leading platform, and we believe our customers will benefit from the company’s national reach and deep product portfolio. We are excited to be a part of the Marco organization going forward.”

“JAD is an excellent fit for Marco,” said Randy Roth, CEO of Marco. “The acquisition will deepen Marco’s footprint in the Midwest region while also strengthening the company’s presence within the industrial and infrastructure markets.”

“The JAD acquisition,” he added, “is an important step in the execution of our buy-and-build strategy.”

Financial terms of the deal were not disclosed.

   

Tagged categories: Acquisitions; Business matters; Equipment manufacturers; Marco

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