Magnus Mobility Systems Inc. Expands by Acquiring Powers Industrial Group Inc.
Magnus Mobility Systems, Inc., one of America's most complete caster and motion control product suppliers, announced today the acquisition of Powers Industrial Group Inc. The acquisition is part of Magnus's strategy to develop a nationwide network of locations that offer single-source procurement and fulfillment of casters, motion control, and material handling equipment. Powers serves the MRO market, providing Magnus with the industry expertise and supply chain sources to further its expansion into that market. All locations will operate as Magnus Mobility Systems, Inc.
Powers Industrial Group, Inc. has been a leading supplier of casters and material handling products to the MRO market in Texas, nearby states, and Mexico for 40 years. It has earned the reputation for providing high quality casters and material handling products to manufacturers, facilities managers and maintenance companies, supported by a staff with expertise in the industry. Powers has locations in Dallas, Houston, San Antonio, and Lubbock, Texas.
"The acquisition of Powers Industrial Group will provide us with expertise in the MRO market, supported by their high quality product line for that market. In addition, we are excited to add their locations to our network, allowing Magnus to reach new customers while providing additional products to our existing customers," says Dick VerWayne, President and CEO.
Magnus, with its expertise in the caster and motion control industries and nationwide network of locations, provides clients with the depth and width of product selections from industry-leading manufacturers that only a large supplier can offer. Due to its large inventory, multiple locations, and superior customer service, Magnus couples the service provided by local suppliers with the resources of a large company.
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