About the Transaction
Initially founded in 1987, and acquired by the current owners in 2008, Allied Circuits, LLC (“Allied”) (www.alliedcircuits.com) is a leading provider of process control and industrial system integration solutions that include electrical control panels, systems, and related wire harness assemblies. The Company has a full product and service offering that includes the design, programming, manufacture, integration, and field service for all their product offerings. Allied serves a variety of end markets including aerospace, automotive, filtration, fluid systems & plumbing, food & beverage, oil & gas, pharmaceutical, process industries, semi-conductor and water & wastewater treatment facilities.
The buyer, Motion Industries, Inc. (“Motion”) (www.motion.com), a wholly owned subsidiary of Genuine Parts Company (NYSE: GPC), is a premier industrial parts supplier in North America. Motion also offers maintenance repair and services, safety services, inventory management, automation, and conveyance solutions. The Company serves multiple industries including automotive, food and beverage, chemical and allied products, equipment and machinery, and fabricated metals. Genuine Parts Company, a renowned global service provider specializing in distributing automotive and industrial replacement parts globally.
Owners, Chris Scinta and Chris Aquiline at Allied Circuits, said, “It’s a great match—including the business culture and core values—and we’re very excited about our customers’ expanded access to even more products and services. Motion is an industry leader, and we are pleased to integrate employee talents and contribute to the company’s growth.”
Paramax served as the exclusive M&A advisor to Allied Circuits on this transaction.
