M&A Deal Summary

Concentric Acquires Weldex

On December 15, 2021, Concentric acquired electrical equipment company Weldex

Acquisition Highlights
  • This is Concentric’s 2nd transaction in the Electrical Equipment sector.
  • This is Concentric’s 4th transaction in the United States.
  • This is Concentric’s 1st transaction in Virginia.

M&A Deal Summary
Date 2021-12-15
Target Weldex
Sector Electrical Equipment
Buyer(s) Concentric
Deal Type Add-on Acquisition

Target

Weldex

Thaxton, Virginia, United States
Weldex is a battery provider that offers a variety of solutions to compliance needs. Weldex has options for Reserve, UPS, Stationary, and a large fleet to small single battery operations. Choose from containment systems, spill cleanup, PPE as well as neutralizers/absorbers. Battery tools, accessories, and washes are also so available. Weldex was founded in 1978 and is based in Thaxton, Virginia.

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Buyer(S) 1

Buyer

Concentric

Carrollton, Texas, United States
Category Company
Founded 2000
Sector Electrical Equipment
DESCRIPTION

Concentric is a DC power management and on-site maintenance for the material handling and critical power industries. Concentric was founded in 2000 and is based in Carrollton, Texas.

DEAL STATS #
Overall 4 of 11
Sector (Electrical Equipment) 2 of 5
Type (Add-on Acquisition) 4 of 11
State (Virginia) 1 of 1
Country (United States) 4 of 11
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-21 All Battery Sales and Service

Everett, Washington, United States

All Battery Sales and Service provides DC power for forklifts as well as automotive and specialty power products. The company is a distributor of Interstate Batteries, the number one battery in America, with a complete line of automotive starting, commercial, deep cycle, marine, RV and specialty batteries. It also has an Accessory Division which stocks a full line of battery tools, cables, terminals, and connectors. All Battery Sales and Service was formed in 1979 and is based in Everett, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-24 Power Grid

Indianapolis, Indiana, United States

Power Grid is an industrial power expert Offering services and supplies to keep operations running at peak performance. Power Grid is based in Indianapolis, Indiana.

Buy -
Mergr

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