Actuant Corp. has completed the purchase of Superior Plant Services LLC (SPS) in a deal worth $57 million. The Actuant businesses provide branded hydraulic and electrical tools and supplies and position motion control systems
SPS will be managed in part with Hydratight, one of the businesses comprising Actuant's industrial segment. SPS has five operating locations in Louisiana, Texas and North Carolina and will retain all current management.
Al Shiyou, SPS president, will report to Bob Boychuk, head of Hydratight Americas. Boychuk has over 30 years of experience with global industrial businesses and is a member of Hydratight's leadership team.
SPS Gulf of Mexico and East Coast presence, customers, leading market position and service portfolio were among the reasons for Actuant's purchase, according to the company. SPS adds 125 service technicians to the Hydratight workforce with a complementary business and working philosophy.