Motion & Control Enterprises Acquires Daughtridge Sales Company Inc.
Acquisition is the company’s 10th since January 2023.
#components
Motion & Control Enterprises (“MCE”) announced today that it has acquired Daughtridge Sales Company, Inc. (“Daughtridge” or the “Company”).
Founded in 1970 by EL Daughtridge and based in Rocky Mount, NC, Daughtridge is a distributor of pressure and temperature instrumentation products. Daughtridge sells to resellers and end-users that serve diverse end markets including aerospace, automotive, chemical processing, energy, government and medical. The company will continue to operate under the Daughtridge Sales Company name under the continued leadership of Lige Daughtridge.
“We are very excited to welcome the Daughtridge associates to the MCE team,” said Charles Hale, Chairman & CEO of MCE. Hale noted that “Daughtridge adds scale to MCE’s highly-engineered product and service offering and expands our flow control footprint to the mid-Atlantic region with geographic reach throughout the U.S.”
Lige Daughtridge, Daughtridge’s former owner, commented, “We are excited to join the MCE team, which will allow us to expand our reach and continue serving our existing customers with the same dedication to quality products and customer service.”
Founded in 1951, MCE is a supplier of technical fluid power, automation, flow control, compressed air products, filtration, service, and repair solutions. The Company serves more than 30,000 OEM and end-user customers from 50 facilities located in 15 states. For more information, please visit www.mceautomation.com.
Frontenac is a Chicago-based private equity firm. The firm focuses on investing in lower middle market buyout transactions in the consumer, industrial, and services industries. Frontenac works in partnership with established operating leaders, through an executive-centric approach called CEO1ST, which seeks to identify, acquire, and build market-leading companies through transformational acquisitions and operational excellence. Over the last 50+ years, Frontenac has built a franchise working with over 300 owners of mid-sized businesses as they address complex transition issues of liquidity, management enhancement, and growth planning. For more information, please visit www.frontenac.com.
Daughtridge is an industrial distributor of pressure and temperature instrumentation products and services, including pressure gauges, industrial thermometers, and related products and accessories. For more information, please visit https://dascosales.com/.
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