Turtle & Hughes buys Mag-Trol
Turtle & Hughes Inc. has acquired Mag-Trol Long Beach Inc., a distributor of electrical and automation equipment, supplies and renewal parts based in Long Beach, Calif.
“The purchase of Mag-Trol allows us to extend our reach to the West Coast market with a highly regarded industrial distribution company. Mag-Trol and its management team are a perfect fit with our organization," said Jayne Millard, chief executive officer of Turtle & Hughes.
Mag-Trol's principal owner and president, James Shanahan will remain with Mag-Trol as president, with the responsibility of growing the California market for Turtle & Hughes.
In addition to its headquarters location, Mag-Tro maintains an office in Huntington Beach, Calif., that operates under the name Rhino Electric Supply. Founded in 1981, Mag-Trol provides products and services to the terminal operators in the ports of Long Beach and Los Angeles. It also serves industrial customers in the Healthcare, Food & Beverage, and Packaging industries along with a wide range of original equipment manufacturers (OEMs) in the Southern California market.
Headquartered in Linden, N.J.,Turtle & Hughes is a $500 million multi-commodity procurement company with 11 branch offices nationwide serving the industrial, construction, commercial, electrical contracting, export and utility markets.
HT Capital Advisors LLC, a private investment banking firm based in New York, served as financial advisor for the transaction.
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Applied Industrial Technologies. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
