Applied Industrial Technologies, one of the largest industrial distributors in the country, has acquired Parts Associates, Inc. (PAI) of Cleveland, Ohio. PAI is a distributor of maintenance supplies and solutions, including electrical, fasteners, fluid flow, paints, chemicals, shop supplies, and related assortments. Terms of the sale were not disclosed.
“PAI is a solid company with strong brands and a high level of expertise,” said Neil A. Schrimsher, chief executive officer for Applied. “Strategically, the company is an excellent fit for our business going forward as we strengthen our maintenance supplies and solutions offering for sustained growth.”
Founded in 1948, PAI serves a broad range of maintenance, repair and operations customers, including the fleet, rental, manufacturing, agriculture and food industries. The company operates from two locations – Cleveland and Atlanta – and its staff includes approximately 200 field sales, operations and administrative associates.
Its electrical products include terminals, wire and cable, electrical tools, cables and assorted other products.Tagged with tED