Ryan Lynch
PERRYSBURG, Ohio- August 11, 2021 -- Concentric, a national leader in DC power management for the material handling and critical power industries, today announced it has closed the acquisition of STANGCO Industrial Equipment Inc. STANGCO’s team of experienced battery specialists have served the material handling industry across California for over a decade, providing expertise, insight and solutions for all industrial and ground support battery and charger requirements. This acquisition will expand Concentric’s footprint, specifically the company’s Forklift (Motive) Power presence across southern California and the west coast market.
“We are excited to welcome the STANGCO team! We have seen significant growth in California over the past few years and adding the STANGCO team’s skill sets ensures our growth continues through consistent, outstanding service across the west coast,” said Concentric President, John Shea.
Owner of STANGCO, Tom Stang said, “STANGCO has been focused on delivering customer-centric power solutions for customers for over a decade. We resonate with Concentric’s vision to deliver national forklift power and engineered systems, and we look forward to delivering an expanded array of services to our customer base as a result of this partnership.”
For additional information about Concentric and STANGCO visit https://www.concentricusa.com/.
About Concentric
Concentric is the national leader in DC power management for the material handling and critical power industries. The company’s signature solution, GuaranteedPOWER® is an industry-first, enabling leading manufacturers, distributors, telecom and utility customers to improve safety and consistency through a fixed cost program delivering 30% average total cost savings. Concentric partners with both on-site and corporate teams, helping them find a better way to manage consistency across the nation as they design, integrate and operate their forklift and backup power systems. Visit concentricusa.com to learn more.
Contacts:
Lexington Public Relations
Suki Mulberg Altamirano
646-265-0675
suki@lexingtonpr.com