Motion Industries, Inc., a leading distributor of maintenance, repair and operation replacement parts, and a premier provider of industrial technology solutions, signed a definitive purchase agreement to acquire the operating assets of M.B. McKee Company, Inc.
The transaction is expected to close at the end of January 2025, subject to customary closing conditions. Established in 1943, M.B. McKee is a family-owned distributor of mechanical bearings, belts, chain, conveyor systems/components, motors, drives and power transmission components. End markets include industrial, commercial equipment, agriculture and textile. Employing approximately thirty team members, the company is headquartered in Lubbock, Texas, with two locations in Amarillo and Hereford.
As M.B. McKee President and majority owner Cindy Cole works to transition the business, her husband Kirk Cole (Vice President, Sales) and brother Mark McKee (Vice President and partial owner) will continue their roles in the business post-close.
Cindy Cole said, “This is a tremendous opportunity, and we look forward to bringing customers an expanded product and service offering while supporting Motion’s growth initiatives. We are very pleased to join forces with this global industrial leader.”
“M.B. McKee is a well-established, high-quality business and a perfect strategic fit for us,” said James Howe, President of Motion. “The complementary product offering and customer-centric approach will supplement and extend our presence and scale in the region. We are thrilled to welcome the talented M.B. McKee team to Motion and look forward to their contributions in upcoming years.”
Additionally, Motion signed a definitive purchase agreement to acquire the net operating assets of Maguire Bearing Company, Ltd., an industrial distributor based in Hawaii. The transaction is expected to close at the end of February 2025, subject to customary closing conditions.
Maguire Bearing has served the Hawaii and surrounding Pacific Rim market since 1955, when it was founded by William H. Maguire. His son, John “Jackie” Maguire, is the current owner and will lead the transition. The company is headquartered in Honolulu with three additional branches in Kapolei, Kahului and Hilo.
With the aim of helping customers extend their machinery and automobile life, Maguire Bearing offers a wide selection of brand-name repair products including bearings, couplings, v-belts, electric motors, hydraulic components, safety supplies, lubricants and oil seals.
With annual sales of over $8 billion, Motion is a leading industrial distributor of more than 19 million parts and supplies, including bearings; mechanical power transmission products; electrical and industrial automation components; hose, belting, and gaskets; hydraulic and pneumatic components; process pumps; industrial and safety products; seals and accessories; and material handling products and solutions.
To increase customers’ productivity, the company offers many value-added services, including engineering, fabrication, repair and Industry 4.0 solutions across these product groups. In addition, Motion Automation Intelligence (Motion Ai), Motion Conveyance Solutions and Motion Repair & Services were formed to offer a wide range of specialized, related products and innovative solutions for many applications. Motion North America has over 550 branches and service centers and 17 distribution centers. Motion Asia Pacific has over 150 branches and service centers and 13 distribution centers in Australasia.
Motion serves more than 200,000 OEM and MRO customers in the aggregate and cement, automotive, chemical and allied products, equipment and machinery, equipment rental and leasing, fabricated metals, food and beverage, iron and steel, lumber and wood, oil and gas, pulp and paper, and rubber products. Motion is a wholly owned subsidiary of Genuine Parts Company (NYSE: GPC). Visit our website at www.Motion.com.
