Houchens Industries acquires H.H. Barnum Co.
Houchens Industries Inc., one of the largest and most diversified wholly-owned S Corp ESOPs in the U.S., announced it has acquired H.H. Barnum Co.
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| H.H. Barnum headquarters. |
H. H. Barnum, based in Michigan, is a value-added distributor of controls for factory and warehouse automation. The company employs nearly 300 people and serves over 5,000 customers through its locations in Michigan, Ohio, Indiana, Kentucky, Tennessee, Alabama, North Carolina and South Carolina.
It has seen steady growth since its inception in 1946, with accelerated growth starting in the late '80s when Ken and Ed Koza took the helm.
“We’re very excited to join the Houchens family of businesses," said H.H. Barnum CEO Ed Koza. "Joining such a successful and diverse ESOP company will provide tremendous long-term benefits for our employees and the growth capital necessary to continue our long-term growth objectives. Partnering with Houchens will solidify our position as one of the country’s premier automation distributors.”
Dion Houchins, CEO at Houchens, added, “We are elated with our acquisition of H. H. Barnum. This transaction aligns perfectly with our strategic plan to further grow and diversify our ESOP. We are extremely excited to work with Ed Koza, the leadership team, and all the employees who have built a tremendous organization. We look forward to the continued growth and success of the business.”
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