Tencarva Machinery Co. acquires Hoffman-Kane Distributors
Tencarva Machinery Company, a value-added distributor and service provider of flow control and process equipment solutions to industrial and municipal end markets, has acquired Hoffman-Kane Distributors Inc., a provider of industrial fluid handling and sealing solutions in Western Pennsylvania, Eastern Ohio, and West Virginia.
Tencarva is backed by Bessemer Investors, LLC ("Bessemer"), a New York-based investment firm. Financial terms of the transaction were not disclosed.
Following the transaction, Tencarva secured exclusive territorial rights for two leading OEM partners, expanding their sales region for John Crane into the Ohio Valley and adding ITT Goulds within Hoffman-Kane’s territory.
Founded in 1962 and based in based in Pittsburgh, Hoffman-Kane offers a broad range of products and services including seals, gaskets, pumps, packaging and isolation products, pump and seal repair services, and custom fabrication.
Hoffman-Kane will continue to operate under its existing name while leveraging Tencarva’s systems, scale, and operational resources. Tim Kane, vice president of sales, and Will Kane, vice president of operations, together with their team, will continue in their roles with the company.
"Hoffman-Kane represents an attractive strategic fit for Tencarva as we expand our footprint further across the Ohio Valley and Mid-Atlantic region," said Henry Ritchie, president of Tencarva. "The business brings technical capability, strong customer relationships, a high-quality line card and deep application expertise, in addition to a talented sales team. We see meaningful opportunities to share best practices across organizations and grow together. In addition, we are excited to expand our relationship with key OEMs, while continuing to provide best-in-class sales and service."
“After years of doing business together and building a relationship, we knew Tencarva was the right partner for Hoffman-Kane’s next chapter,” said Tim Kane. Will Kane added, “They understand our business, respect what we’ve built, and share our commitment to our people and customers. We’re confident they’ll help the company grow while preserving the culture and values that matter most to us.”
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