Harbour Group acquires SHF
SHF Inc., a distributor of stainless adaptors, fluid power fittings, instrumentation fittings, and valves, has been acquired by the Harbour Group.
Terms of the asset transaction were not disclosed.
As a supplier of repair and maintenance parts to a variety of end markets, including marine, industrial, chemical, and oil and gas, SHF stocks high-quality, hard-to-find parts in metric and imperial sizes. SHF also manufactures custom parts with short lead times. The business, which is based in Pasadena, Texas, was founded in 2002 by Michael Chapman, who will continue as president.
"We are excited to have SHF join the Harbour Group family," said Jeff Fox, Harbour Group's chairman and chief executive officer. "With a focus on quality products and superior customer service, the company has established itself as a go-to provider in its markets. Michael has built a great business. With the combination of SHF and Harbour Group, we expect to accelerate SHF's growth in both current and new markets."
Chapman commented, "Harbour Group is a great partner to take the business to the next level. Harbour Group has a track record of building similar businesses and will be a powerful driver of success for our customers, employees, and suppliers. With strong operational and industry expertise, specifically in industrial distribution, we are excited for the opportunities that lie ahead."
Harbour Group is a privately owned, operations focused company based in St. Louis.
INDUSTRIAL SUPPLY MAGAZINE
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