Linden, NJ, May 31, 2012 -- Turtle & Hughes, Inc., headquartered in Linden, NJ, has acquired Mag-Trol Long Beach, Inc. a leading wholesale distributor of a broad range of electrical and automation equipment, supplies and renewal parts based in Long Beach, CA.
“The purchase of Mag-Trol allows us to extend our reach to the West Coast market with a highly regarded industrial distribution company. Mag-Trol and its management team are a perfect fit with our organization. Its principal owner and president, James Shanahan, shares many of our core values, and has an outstanding reputation for quality service and putting the customer first,” said Jayne Millard, Chief Executive Officer of Turtle & Hughes. Shanahan will remain with Mag-Trol as President, with the responsibility of growing the California market for Turtle & Hughes.
About Mag-Trol
Mag-Trol, which maintains an office in Long Beach, CA, has a second location in Huntington Beach, CA that operates under the name Rhino Electric Supply. Founded in 1981, Mag-Trol has been one of the leading providers of products and services to the Terminal Operators in the ports of Long Beach and Los Angeles for over 30 years. It also serves industrial customers in the Healthcare, Food & Beverage, and Packaging industries along with a wide range of original equipment manufacturers (OEMs) in the Southern California market. Mag-Trol has developed extensive vendor relationships with some of the leading producers of electrical and automation products. In addition, it has an in-house engineering staff offering proprietary solutions for customers’ specific facility automation projects.
About Turtle & Hughes
Turtle & Hughes, established in 1923, is a $500 million revenue multi-commodity procurement company with 11 branch offices nationwide serving the industrial, construction, commercial, electrical contracting, export and utility markets. It is ranked among the nation's top 25 electrical distribution companies. Turtle & Hughes Integrated Supply (THIS), a division of Turtle & Hughes, services Fortune 500 companies in the growing integrated supply market. It has been widely recognized as one of the industry leaders in providing world-class integrated supply programs.
HT Capital Advisors, LLC, a private investment banking firm based in New York, served as financial advisor for the transaction.
