Motion Industries signed a definitive purchase agreement to acquire the net operating assets of Maguire Bearing Company, an industrial distributor based in Hawaii. The transaction is expected to close at the end of February 2025.
Maguire Bearing has served the Hawaii and surrounding Pacific Ri market since 1955, when it was founded by William H. Maguire. His son, John “Jackie” Maguire is the current owner and will lead the transition. The company is headquartered in Honoluluy with three additional branches in Kapolei, Kahului and Hilo. Maguire Bearing employs about 30 workers in the state.
Maguire Bearing offers a wide selection of repair products, including bearings, couplings, v-belts, electric motors, hydraulic components, safety supplies, lubricants and oil seals.
Mr. Maguire said, "Motion has been a reliable supplier to Maguire for many years, making it an ideal fit for our employees and customers. We're excited about the growth potential this partnership will create, providing customers an even broader range of solutions to ensure their machinery and vehicles run smoothly and efficiently."
"Along with its high-quality inventory, Maguire Bearing is highly regarded for its knowledgeable and approachable staff, who are committed to delivering exceptional customer service," said James Howe, President of Motion. "This dedication aligns perfectly with Motion's values and is one of the many strengths our companies share. We look forward to welcoming Maguire's talented team and working together to grow our business in this key region."
