East Windsor, Conn.-based Collins Pipe & Supply recently announced it has successfully finalized an agreement for the acquisition of the assets and staff of Newburyport, Mass.-based Power House Supply.
The acquisition was finalized Thursday, Jan. 1 for an undisclosed amount, with a plan for all Power House employees to remain in place to manage and operate the new Collins location. The acquisition expands Collins Pipe & Supply’s distribution and engineering services into the largest industrial marketplace in the New England region.
“We are delighted to announce this acquisition and are thrilled that the dedicated and experienced Power House staff will be joining the Collins team,” said Brian Tuohey, president of Collins Pipe & Supply. “This acquisition strengthens Collins in two key areas. Both Collins and Power House have long been recognized throughout our industry for their acumen and expertise in the power and energy arenas. By joining forces, each company becomes stronger in our ability to serve each of these critical markets. With Power House’s location in Newburyport, we now will be able to greatly improve our service capabilities in eastern Massachusetts and Rhode Island.”
Rick Boudrow, president and owner of Power House Supply added: “Joining the Collins team is a ‘win, win’, for both companies. “Collins is a natural fit because the acquisition enables both companies to grow and expand into new geographic regions with additional product line capabilities. We also share a strong commitment to the ‘customer first’ service philosophy, a hallmark that has created a platform for growth and success at both companies.”
With the addition of the Power House facility, Collins now has nine locations in New England, upstate New York and Marcus Hook (greater Philadelphia), Pa. With this acquisition, Collins has significantly expanded its capabilities and is now in a position to offer its company commitment to “perfect service, every time, all the time” to the entire New England, upstate New York and greater Philadelphia regions, the company stated.