pcJ News Briefs – Harbour Group has closed an add-on acquisition to recently acquired Marshall Excelsior Company, buying St. John, New Brunswick based BASE Engineering Inc. Financial terms were not disclosed.
BASE founder, Steve Belyea will continue in his current role as BASE CEO and president.
Harbour Group acquired Marshall Excelsior in March 2017.
photo credit: BASE Engineering
News Release
Marshall Excelsior Acquires BASE Engineering
ST. LOUIS, Sept. 20, 2017 /PRNewswire/ — Marshall Excelsior Company (“MEC”), a Harbour Group company, has acquired BASE Engineering, Inc., Jeff Fox, Harbour Group’s chairman and chief executive, announced today. Terms of the transaction were not disclosed.
Since its founding in 1996, BASE has designed and manufactured high-quality remote, automated emergency shutdown and operational controls for the liquefied petroleum gas (LPG) and refined fuels industries. The company is dedicated to the highest levels of service and to providing better solutions to the challenges its customers face through continuous product innovation. BASE was founded by Steve Belyea, its CEO, and is based in St. John, New Brunswick, Canada. The company sells its products in North America, Europe and Australia.
Mr. Fox commented, “BASE’s product line fits extremely well with MEC’s product offerings. We are looking forward to bringing these two great innovators together to further enhance the portfolio of outstanding products that delight our customers. Steve’s continued leadership and direction will be integral as we bring the companies together in the marketplace and build a bigger, stronger business.”
Mr. Belyea will continue in his current role as BASE CEO and president. “This is an exciting next step for BASE,” he said, “and will further enhance our ability to bring innovative new products and services to our customers. We couldn’t have hoped for better partners than MEC and Harbour Group.”
“We are excited about what BASE brings to our company,” said Franco Domingo, Vice President of Marshall Excelsior. “BASE’s products are positioned in a rapidly expanding segment of our industry. We believe this will complement our efforts to be a more complete solution to our customers.”
About Marshall Excelsior
Marshall Excelsior is a leading designer, manufacturer and supplier of mission-critical, highly engineered flow control products used in the transportation, storage, and consumption of liquefied petroleum gas (“LPG”) and liquefied anhydrous ammonia (“NH3”). Over the past 40 years, MEC has provided a variety of solutions, including fittings, adapters, valves, regulators, pigtails, gauges and accessories, to its growing base of customers. MEC’s products support various LPG and NH3 applications including bulk storage, transport, commercial, domestic and recreational vehicles. The company is headquartered in Marshall, Mich.
About Harbour Group
Harbour Group is a privately owned, operations focused company based in St. Louis, Missouri. Harbour Group’s companies are engaged in manufacturing and distribution across diverse industries including LED lighting, flow control, scientific products and lab ware, thermal management solutions, flow and energy measurement, boiler systems, professional diagnostic and repair tools, niche distribution, logistics services, abrasives, diamond-cutting products and related tools, and auxiliary plastic processing equipment. Since its founding in 1976, Harbour Group has acquired 195 companies in 41 different industries.