Houchens Industries has acquired Kentucky-based distributor Air Hydro Power. Founded in 1961, Air Hydro Power is an industrial distributor of motion control and fluid power solutions, including automation, robotics, pneumatics, hydraulics, electrical motors, and hose and fittings.
AHP has 21 locations and almost 300 employees.
“We are thrilled to partner with the AHP management team, who has an employee and customer-centric approach that mirrors that of Houchens. They have built an exceptional business, and we couldn’t be more excited that it is based right here in our home state of Kentucky and in the city of Louisville, where we plan to further invest going forward,” Dion Houchins, CEO at Houchens, said.
The deal is expected to close in January 2023. The company’s majority owners will remain involved in the business post-close.