In the first quarter of 2022, Gexpro Services acquired two businesses: Resolux Group for $36 million and Frontier Technologies Brewton, along with certain assets from Frontier Engineering and Manufacturing Technologies Inc. for $30 million.
Resolux Group is a Denmark-based supplier of components, assemblies and kits for onshore and offshore renewable energy markets. Frontier Technologies Brewton is a U.S.-based manufacturer of machined and fabricated components and a provider of aftermarket services for the renewable energy market.
“We are pleased to have completed these two strategic acquisitions that significantly broaden our scale, reach and capabilities in the critical OEM markets for customers under Gexpro Services. These combined businesses collectively expand our global supply chain management capabilities and offer enhanced B- and C-class products and services with full-scale design engineering, manufacturing, assembly, kitting, vendor managed inventory, global logistics management and import expertise,” Gexpro Services CEO Bob Connors said.
Gexpro Services is owned by Lawson Products. Lawson Products also announced the appointment of Matt Boyce as Senior Vice President of Corporate Development. Boyce will direct acquisition and integration activities for the Lawson Products, TestEquity and Gexpro Services operating companies.
“I am excited to join the executive leadership team at Lawson and am eager to further strengthen these successful businesses by helping accelerate and drive the execution of the collective inorganic growth strategies,” Boyce says.