Fluid solutions distributor TIPCO Technologies acquired Potter Associates. Terms of the transaction were not disclosed.
Based in Rochester, NY, Potter Associates is a distributor of hydraulics, gaskets, valves, fittings and other components. The company serves industries, such as power generation, chemical processing, MRO, food/beverage and industrial manufacturing. Established in 1964 by M. Bruce Potter, the company will continue to be led by its current president Steffen Potter.
TIPCO expands its footprint to 38 locations across 16 states with the acquisition.
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“TIPCO Technologies is thrilled to welcome third-generation owners Steffen and Kim, along with the entire Potter team, to our growing family of people and partnerships,” TIPCO CEO of Commercial Business Rob Lyons said in a March 18 news release. “We are excited to build on Potter’s rich legacy of world-class sealing products and sanitary solutions throughout upstate New York.”
In recent news, TIPCO acquired Kenilworth, NJ-based Flexline, announced on March 4.
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