M&A Deal Summary

MCE Acquires Piedmont Electric Motor

On January 18, 2024, MCE acquired machinery company Piedmont Electric Motor

Acquisition Highlights
  • This is MCE’s 3rd transaction in the Machinery sector.
  • This is MCE’s 19th transaction in the United States.
  • This is MCE’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2024-01-18
Target Piedmont Electric Motor
Sector Machinery
Buyer(s) MCE
Deal Type Add-on Acquisition

Target

Piedmont Electric Motor

Asheboro, North Carolina, United States
Piedmont Electric Motor offers a broad range of industrial products and services, including electric motors, cranes, material handling, fabrication/welding and machinery services. Piedmont Electric Motor was founded in 1971 and is based in Asheboro, North Carolina.

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Buyer(S) 1

Buyer

MCE

Zelienople, Pennsylvania, United States
Category Company
Founded 1951
Sector Distribution
DESCRIPTION

MCE is an industrial distributor of branded motion and control systems specializing in connectors, hydraulics and pneumatics. MCE was founded in 1951 and is based in Zelienople, Pennsylvania.

DEAL STATS #
Overall 19 of 25
Sector (Machinery) 3 of 3
Type (Add-on Acquisition) 18 of 24
State (North Carolina) 1 of 2
Country (United States) 19 of 25
Year (2024) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-05 Filter Resources

Pasadena, Texas, United States

Filter Resources distributes process filtration products for the downstream O&G, petrochemical, and specialty chemical markets, offering a complete range of liquid and air process filtration solutions. Filter Resources is based in Pasadena, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-01 Daughtridge

Rocky Mount, North Carolina, United States

Daughtridge is an industrial distributor of pressure and temperature instrumentation products and services, including pressure gauges, industrial thermometers, and related products and accessories. Daughtridge is based in Rocky Mount, North Carolina.

Buy -
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