BIRMINGHAM, Ala. – Motion Industries, Inc., a distributor of maintenance, repair and operation replacement parts, signed a definitive purchase agreement to acquire the operating assets of Canadian-based LSI Supply Inc. and its sister company 273 Ontario (which trades as LSI). The transaction is expected to close later this month, subject to customary closing conditions.
Headquartered in Windsor, Ontario, LSI Supply has five area locations and distributes bearings, seals, power transmission and fluid power components and industrial supplies. Industries served include agriculture, automotive, food and beverage, marine, plastic injection, renewable energy and tool and die. LSI also provides maintenance supplies for the military and wastewater services.
Jordan Sharpe, president of LSI said, “We are thrilled to join the Motion team and look forward to contributing to the company’s growth. With Motion, our offerings will be broader and deeper than ever, raising our customer service to new heights.”