Marco Group Acquires Equipment Manufacturer
Late last month, surface preparation equipment manufacturer Marco Group International (Deer Park, Texas) announced the acquisition of Manus Abrasive Systems Inc. (Edmonton, Alberta), which specializes in the distribution of similar equipment as well as abrasive materials.
Manus has been in business focusing on the Canadian market since 1983, and Marco was founded in 1944. (Marco Group is a portfolio company of The CapStreet Group, a Houston-based private equity firm.)
Marco Group Acquisition
Marco Group’s offerings also include abrasives, blasting equipment, coating equipment, engineered systems, rental equipment and safety products, as well as providing in-the-field repairs and in-house designs for solutions.
"Manus is an excellent fit for Marco," said John Kaul, CEO of Marco. "The acquisition will deepen Marco's footprint in the Canadian market while also strengthening the company's presence within the industrial and infrastructure markets.”
Kaul added that the company continues to see opportunities to work with other business orders to expand the company footprint as well as broaden capabilities to provide additional opportunities for customers in North America.
"We are excited to join the Marco team," said Cory MacLean, president of Manus. "Marco has built an industry leading platform, and we believe our customers will benefit from the company's international reach and deep product portfolio. We are excited to be a part of the Marco organization going forward."