Power Distributors (PD) announces the acquisition of Magneto Power, LLC.
PD provides innovative solutions to dealers and retailers. The company will employ over 230 people; and serve more than 16,500 dealers and retailers.
“We are excited to announce the addition of Magneto Power to our company as we continue to expand our national footprint,” says Matthew Finn, President of Power Distributors. “The addition of the three Magneto Power distribution centers and sales territory expands our presence west and provides us with an attractive platform for providing national solutions for our partners. As we move forward in 2015, we continue to see outstanding opportunities. We are well situated to further execute on our growth strategy.”