DENVER--(BUSINESS WIRE)--McCoy Sales Corporation, a leading distributor of fluid connectors, fluid power equipment, instrumentation products, and seals, has announced that it will merge with Portland, Oregon-based Fluid Connector Products Inc. (FCPI) to create the largest Parker Hannifin distribution network in the western United States. FCPI has locations in Oregon, Washington and Idaho. McCoy, which currently has locations in Colorado, Utah, New Mexico and Wyoming, will now expand its industrial offerings. The new company will be called Motion and Flow Control Products (MFCP).
Both McCoy Sales and Fluid Connector Products are Parker authorized full-line distributors, representing Parker’s industrial product offering. Both companies’ ParkerStore™ locations supply OEM and MRO customers with direct access to the Parker industrial products along with complementary product offerings and factory-trained personnel. McCoy also operates as a manufacturer’s representative for HVAC products, and provides engineered solutions for commercial, institutional, and residential HVAC customers. It is known as the leader in its served market and enjoys an exceptional reputation with its manufacturing partners, including Parker Hannifin, Taco Pumps, Burnham Boilers and Raypak Boilers.
John Niemi, Chief Executive Officer of McCoy Sales Corporation, will serve as president and CEO of Motion and Flow Control Products. Darrell Sabin and Steve Robinson, FCPI’s co-presidents, will continue to serve as co-presidents of FCPI operations.
“We are thrilled to be joining forces with the talented team at Fluid Connector Products,” says CEO John Niemi, “and look forward to leveraging the strengths of both companies through the new company. I am looking forward to collaborating with Darrell and Steve, and very optimistic about our opportunities for accelerated organic growth, as well as additional strategic acquisitions.”
Darrell Sabin agrees the combined company will create synergies that will allow it to compete more effectively across western United States. “Our customers depend on us to get them the parts they need to keep them operating in the field,” Sabin says. “As customers take on jobs that extend across larger geographic areas, we will be ready to offer an expanded level of service, backed by the most extensive product line, across our entire service area,” Sabin says.
Steve Robinson says customers of both companies will benefit from the MFCP relationship. “We are in a better position than ever to meet the needs of industrial customers,” he says. “Our strength as a Parker distributor will increase immediately, and that will benefit every customer we serve.”
As part of the merger, Colville Capital LLC, of Charlotte, North Carolina and senior management invested additional equity to provide a strong base for further growth. Colville Capital has been the majority investor in McCoy since 2006.
Mark Mealy, Colville Capital’s Managing Partner, says this merger is consistent with Colville Capital’s strategy for combining organic growth with strategic acquisitions. “When we acquired McCoy five years ago, we knew it was a well-managed business that would benefit substantially from an expanded geographic base,” Mealy says. “With this acquisition, MFCP has the size, the strength and the capital to serve its broader customer base and continue to grow.”
About McCoy Sales Corporation
McCoy Sales Corporation is a leading Colorado-based distributor of fluid connectors and fluid power equipment, and instrumentation fittings, seals, and valves. It also operates as a manufacturer’s representative for HVAC products. Founded in 1960, McCoy is focused on providing value-added services to its customers, such as local inventory stocking, contractor training, and engineered solutions. The company also operates retail ParkerStoreTM locations throughout Colorado, as well as in Wyoming, and New Mexico. For more information on McCoy Sales Corporation, please visit: www.mccoysales.com.
About Fluid Connector Products Inc.
Fluid Connector Products is a one stop source for fluid connectors, hoses, seals and packing, and related products. Our products are designed for Agriculture, Food & Beverage, In-Plant Automation, Logging, Marine, Mining, Power & Energy, Semiconductor, and Transportation Industries, as well as many others. It operates industrial retail sales locations in Vancouver, Washington; Boise, Idaho; and throughout Oregon, and also offers mobile on-site repair services. For more information on Fluid Connector Products Inc., please visit: www.fcpi.com.
Colville Capital LLC is an investment firm focused on acquiring and building private companies. In partnership with management, Colville acquires controlling interests in smaller companies, with values ranging from $10 to $50 million. Colville is uniquely positioned with its long-term focus, depth of financial and operational experience, and the reputation and relationships of its investors and principals. Colville was founded to partner with management to build companies of enduring value that are respected in their industry, contribute to their communities and create worthwhile jobs. For more information on Colville Capital LLC, please visit: www.colvillecapital.com.