Motion Industries, distributor of maintenance, repair and operation replacement parts and a provider of industrial technology products, signed a definitive purchase agreement to acquire the operating assets of M.B. McKee. The transaction is expected to close at the end of January, subject to customary closing conditions.
Established in 1943, M.B. McKee is a family-owned distributor of mechanical bearings, belts, chain, conveyor systems/components, motors, drives and power transmission components. End markets include industrial, commercial equipment, agriculture and textile.
Employing approximately 30 team members, the company is headquartered in Lubbock, Texas, with two locations in Amarillo and Hereford. As Cindy Cole, M.B. McKee president and majority owner, works to transition the business, her husband Kirk Cole, vice president, sales. and brother Mark McKee, vice president and partial owner, will continue their roles in the business post-close.
“This is a tremendous opportunity, and we look forward to bringing customers an expanded product and service offering while supporting Motion’s growth initiatives,” Cindy Cole said. “We are very pleased to join forces with this global industrial leader.”
Motion President James Howe said, “M.B. McKee is a well-established, high-quality business and a perfect strategic fit for us. The complementary product offering and customer-centric approach will supplement and extend our presence and scale in the region. We are thrilled to welcome the talented M.B. McKee team to Motion and look forward to their contributions in upcoming years.”
