DSG expands into Illinois
DSG has acquired Peoria Pump in an asset purchase effective November 4.
Founded in 1947, Peoria Pump has served as a leading wholesale distributor of pumps, pipe and geothermal supplies to well drillers across the Midwest. They have two branches located in Peoria and Rockford, Illinois, marking DSG's ninth state of operations across America's heartland. DSG's strategic acquisition reinforces its commitment to building futures for employee owners, customers, manufacturers, and communities.
"DSG's employee ownership model is a great fit for our local focus at Peoria Pump," said Terry Cole, owner of Peoria Pump. "DSG's track record of growth and customer success, not to mention its values, is an exciting opportunity for our employees and customers."
The company will continue operations as Peoria Pump: A DSG Company, before transitioning the brand to DSG in the future. Mr. Cole will remain with the company during the transition period to ensure successful integration.
"We are thrilled to welcome the team of employee owners at Peoria Pump," said DSG President and CEO Paul Kennedy. "The Peoria Pump team has always taken great pride in providing exceptional service to their customers for generations, which coupled with the strength of DSG, will provide an outstanding platform for their customers' and communities' continued growth."
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Kimball Midwest. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Mike Marks, as well as interviews with numerous product and distribution industry experts.
