Leadec strengthens its business in the USA with two acquisitions

Stuttgart (Germany), 11 January 2022 - Leadec, a portfolio company of Triton Fund IV and one of the leading providers of technical services in the automotive and manufacturing industries, is further expanding its business in the USA with the acquisition of two new companies. As of Dec. 31, 2021, the company acquired Meiners Electric, an electrical installation company in Louisville, Kentucky. Industrial Maintenance & Services of Belton, an electrical and mechanical service provider based in Belton, South Carolina, has been part of the Group since Nov. 30, 2021.

 "We are always where our customers need us to be. Louisville and Greenville are two of our six regional hubs in the USA. In addition to our core automotive business, more and more companies from other industries are relying on our long-standing factory expertise, e.g. in integrated facility management, which combines technical and infrastructural FM from a single source," explains Don Kennon, Managing Director Leadec North America.

Meiners Electric is headquartered in Louisville, Kentucky, and employs about 100 people. The company has been in business since 1974, providing low- and high-voltage, construction and maintenance services and serving customers within a 100-mile radius in a variety of industries, including automotive, parcel, and food and beverage. The acquisition significantly increases Leadec USA's project capabilities. It also creates synergies between Meiners Electric and Diversified Automation, another Leadec company in Louisville.

Industrial Maintenance & Services of Belton (IMS), based in Belton, South Carolina, was founded in 1988 and is a full-service provider for electrical and mechanical projects with approximately 75 employees. IMS of Belton operates in the greater Anderson, Greenville and Spartanburg areas, where many companies in the automotive and manufacturing industries are located. The acquisition strengthens Leadec's presence in South Carolina and expands its services to other industries such as textiles, healthcare and chemicals.

Service specialist for factories

In total, Leadec has acquired three companies in the U.S. within a year, starting with Diversified Automation in December 2020. "The acquisitions are part of our growth strategy in the U.S. and diversification into other industries such as shipping centers or food & beverage, as well as a stronger focus on project business to complement our ongoing site business. We are excited to continue to grow together and expand the services we provide to our customers," said Markus Glaser-Gallion, CEO of Leadec.

Leadec thus employs around 2,000 people at 50 different customer sites in the USA and has been operating there since 2005. Annual sales are in excess of $300 million. Leadec supports its customers in the manufacturing industry along the entire production chain to ensure that their machines and systems run smoothly.