JGB Enterprises, Inc., backed by HCI Equity Partners, announced it recently acquired Industrial, Petroleum and Mining Supplies Limited d/b/a HosePower Canada (IPM). JGB is a leading supply chain management and logistics services distributor of industrial hose, fluid power products, and hose assembly solutions throughout a diverse set of end markets.
Headquartered outside of Toronto, IPM is a distributor of hydraulic, industrial and propane hose, fittings and accessories. The Company has six locations across Canada and serves more than 3,000 customers across a variety of end markets including forestry, mining, construction, agricultural, and diversified industrials.
“IPM is a market-leading distribution platform in an industry where JGB has extensive experience and success, and we believe it represents a compelling opportunity to drive operating improvements and geographic expansion,” said Kevin Kilkelly, President of JGB Enterprises.
Courtesy of JGB Enterprises.