Motion and Flow Control acquires Jackovich Industrial
Motion and Flow Control Products has acquired Jackovich Industrial and Construction Supply Inc. of Fairbanks, Alaska.
The acquisition gives MFCP four new locations in Alaska, including two locations in Anchorage, one in Wasilla, and the Fairbanks headquarters location. The company is an industrial distributor representing Parker Hannifin, Stihl chain saws, and other key products that services the Alaskan industries. In addition, Jackovich operates Parker and Stihl retail stores servicing the local needs of its locations.
Motion and Flow Control Products serves industrial customers in Colorado, Utah, New Mexico, Wyoming, Oregon, Idaho, Montana, North Dakota, Washington and California. MFCP is a distributor and service provider for motion and flow control products supporting OEM and maintenance and repair (MRO). With this new acquisition, it operates 27 locations in nine western states.
John Niemi, president and CEO of Motion and Flow Control Products, says the acquisition gives MFCP a unique opportunity to expand into a key geographic territory. “This acquisition has strong support from Parker Hannifin and Stihl because MFCP provides its customers with a high level of service and technical expertise. MFCP is authorized to sell six of Parker’s product groups into an area that has been underserved by the Parker network.” Niemi says his company will give the Alaska operations access to capital and key management skills to grow the business at an accelerated rate.
With the sale of the assets, sole owner Buz Jackovich is retiring from the industry. Motion and Flow Control Products will hire the company’s remaining 35 employees at all four locations. Jackovich says his departure from the industry comes after much consideration for the future of his former employees. “I was fortunate to be able to be very selective in who acquired the company I have been building for over 40 years,” said Jackovich, “and I am confident that Motion and Flow Control Products will be a good fit for our employees and customers.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
