Marco Group International has acquired Bell & MacKenzie Co Ltd, a Hamilton, Ontario-based packager and distributor of abrasives and distributor of blast equipment and parts and accessories.
No financial terms were disclosed.
Founded in 1972 by Richard Bell and John MacKenzie, Bell & MacKenzie operates a conveyor and packaging operation and offers a broad array of products to several end markets.
Marco, a Davenport, Iowa-based maker and distributor of surface preparation equipment, parts and supplies, said the deal supports its growth in Canada. In June, Marco acquired Edmonton-based Manus Abrasive Systems Inc.
U.S. private equity firm CapStreet Group completed a majority recapitalization of Marco in 2017.
Marco Group International Continues to Expand in Canada
August 27, 2019
HOUSTON–(BUSINESS WIRE)–Marco Group International (“Marco”) announced today it has completed the acquisition of Bell & MacKenzie Co. Ltd. Based in Hamilton, ON, Bell & MacKenzie is engaged in packaging and distribution of specialty abrasives as well as distribution of blast equipment and related parts and accessories. Founded by Richard Bell (Senior) and John MacKenzie in 1972, the company quickly transitioned to a 100% family-owned business and continued to expand into larger facilities and made significant investments in equipment to improve efficiency, capacity and ultimately provide faster service and a broader product offering to its customers. Today, Bell & MacKenzie operates a state-of-the-art conveyor and packaging operation and offers a broad product array to a wide range of end markets.
Founded in 1944, Marco is a manufacturer and distributor of surface preparation equipment and consumables to industrial contractors in the industrial, infrastructure, and downstream energy markets throughout the United States and internationally. Marco serves industrial contractors by offering a comprehensive line of abrasives, blasting equipment, coating equipment, engineered systems, rental equipment, and safety products. Marco also provides in-field services for repairs and in-house engineered designs for custom solutions.
“On behalf of my wife, Joyce, and my brother Greg, I would like to say we are excited for the opportunity to join the Marco Team,” said Rick Bell, co-owner of Bell & MacKenzie. “Their extensive nationwide reach and marketing savvy, combined with a deep and growing product line will benefit both parties and most importantly offer a better service to our customers, which is always what we have striven to do. We are looking forward to being part of a bright future with Marco.”
“The acquisition of Bell & MacKenzie makes perfect sense for Marco,” commented John Kaul, CEO of Marco. “Their successful and extensive history as an abrasive media distributor in the Canadian market will allow Marco to better serve our customers in all of North America and on an International scale. The combination of Bell & MacKenzie’s business with that of Manus Abrasive Systems, which we recently acquired in June of this year, creates a really powerful coast-to-coast Canadian platform. The customer-centric focus of these two businesses combined with their unique strengths, will allow us to provide a broader product offering to all customers across Canada. With Marco’s and Manus’ expertise as blasting equipment manufacturers, combined with Bell & MacKenzie’s broad abrasive offerings and processes, this next phase in Marco’s growth strategy is an exciting one.”
Marco is a portfolio company of The CapStreet Group.
About The CapStreet Group
The CapStreet Group is a Houston, Texas based private equity firm that invests in entrepreneur, family or employee-owned, lower middle market companies. We take a partnership approach and target companies operating in the industrial and business services sectors. We provide expertise, resources and capital to accelerate growth, creating long term sustainable businesses. For more information, visit our website, www.capstreet.com.
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