Collins Pipe & Supply Company Acquires the Staff and Assets of Eastern Massachusetts-based Power House Supply, Inc.
Collins Pipe & Supply Co., Inc., one of the largest industrial distributors of pipe, valves and fittings (PVF), and engineered specialties serving the Northeast, announced today that they have successfully finalized an agreement for the acquisition of the assets and staff of Power House Supply, Inc.
The acquisition was finalized on Thursday, January 1 for an undisclosed amount, with a plan for all of the Power House employees to remain in place to manage and operate the new Collins location. The acquisition expands Collins Pipe & Supply Co, Inc. distribution and engineering services into the largest industrial marketplace in the New England region.
“We are delighted to announce this acquisition and are thrilled that the dedicated and experienced Power House staff will be joining the Collins team,” said Brian Tuohey, president of Collins Pipe & Supply Co. Inc. “This acquisition strengthens Collins in two key areas. Both Collins and Power House have long been recognized throughout our industry for their acumen and expertise in the power and energy arenas. By joining forces, each company becomes stronger in our ability to serve each of these critical markets and with Power House’s location in Newburyport, Mass., we will now be able to greatly improve our service capabilities in eastern Massachusetts and Rhode Island.”
Collins has built their company by encouraging every employee to “think like an entrepreneur” and then back that statement up by sharing a significant percentage of their annual profits with every single member of their team. Because of this philosophy, the average tenure of a Collins associate is currently over 20 years. In addition, Collins credits much of its success to a flat management structure which allows each associate the freedom to think for themselves on how to best serve their customer, their company and ultimately themselves.
“Joining the Collins team was a ‘win, win’, for both companies,” said Rick Boudrow, President and owner of Power House Supply. “Collins was a natural fit because the acquisition enables both companies to grow and expand into new geographic regions with additional product line capabilities. We also share a strong commitment to the ‘customer first’ service philosophy, a hallmark that has created a platform for growth and success at both companies.”
Collins continues to be headquartered in East Windsor, Conn., and with the addition of the Power House facility in Newburyport, Mass., Collins now has nine locations in New England, upstate New York and Marcus Hook (greater Philadelphia), Penn. With this acquisition, Collins has significantly expanded their capabilities and is now in a position to offer their company commitment to “perfect service, every time, all the time” to the entire New England, upstate New York, and greater Philadelphia regions.
About Collins Pipe & Supply Co., Inc.
Collins Pipe & Supply Co., Inc. is one of the largest industrial distributors of pipe, valves, and fittings (PVF) and engineered specialties serving the Northeast and now Midwest and Southern regions. Founded 95 years ago, the company is one of the oldest PVF firms in the industry and has seen unprecedented growth in the past few years. The Collins Pipe & Supply expert team insures that all technical needs of clients are met or exceeded with the goal to not just sell product, but to become a value-added partner that delivers maximum benefit from every dollar that their customers expend. The firm’s engineering services are utilized around the globe and their technical ability and knowledge is in demand by customers in all corners of the world. The corporate office is located in East Windsor, Conn., in a 60,000 sq. ft. distribution and actuation center housing the entire product line. Instruments and controls are located in Buffalo, N.Y., and a full service distribution/actuation center is located in Syracuse, N.Y., with three new centers established in Bangor and Portland, Maine as well as Philadelphia, Penn. The company was inducted into the PVF Hall of Fame in 2013, by The Wholesaler. More information can be found on collinspipe.com.