East Windsor, Conn.-based Collins Pipe & Supply Co. 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 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 distribution and engineering services into the largest industrial marketplace in the New England region.
“This acquisition strengthens Collins in two key areas,” Collins Pipe & Supply President Brian Tuohey said. “Both Collins and Power House have long been recognized 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 will be able to greatly improve our service capabilities in eastern Massachusetts and Rhode Island.”
Collins now has nine locations in New England, upstate New York and Marcus Hook (greater Pennsylvania).
“Collins was a natural fit because the acquisition enables both companies to grow and expand into new geographic regions with additional product line capabilities,” Power House President and owner Rick Boudrow said. “We also share a strong commitment to the customer-first service philosophy.”