Motor Services Hugo Stamp Inc. (MSHS) has acquired Pacific Power Group (PPG), a provider of products, parts, and maintenance, repair, and overhaul services for marine, energy, commercial and industrial equipment.
The combined businesses complement each other’s technical and engineering capabilities, which creates greater value for the customer base, MSHS said. As PPG’s and MSHS’s growth continues to accelerate, the companies said the focus remains on providing customers with reliable “one-stop” services for turnkey solutions that capitalize on technical expertise and geographic convenience.
Both PPG and MSHS will maintain their current brand names. The combination enables the companies to leverage broader and deeper expertise through technical talent located across North America, the companies. Additionally, the acquisition strengthens PPG’s and MSHS’s geographic footprint through the addition of PPG’s nine facilities across the Western U.S., Alaska, Hawaii, and the Gulf of Mexico which are supplemented by MSHS’s facilities across the Eastern U.S., Gulf of Mexico, and Pacific Northwest. In turn, the expanded geographic footprint should allow PPG and MSHS to better serve customers nationwide.
“For over 30 years, PPG and MSHS have strived to be their clients’ trusted partners recognized for their customer-centered mindset and a deep commitment to a set of common core values. I am excited to create a platform where our employees can work together and leverage their collective power to propel our customers’ businesses,” David A. Santamaria, CEO, PPG/MSHS, said in a statement. “We will continue on our path to be the leading choice for our OEM suppliers, customers, and employees.”
The broad capabilities and technical depth of the PPG and MSHS partnership offer an attractive proposition to talented industry professionals who are seeking to further develop their careers. To become a leading choice for employees as well as customers, PPG and MSHS understand that opportunities are developed through growth and training driven by the partnership’s strategy of investing in workshop technologies, services expansion, and engineering solutions.
“I am especially excited about how the scale of these firms together enables expanded recruiting and training, which allows us to broaden our technical services,” said Bill Mossey, PPG president, “Through an expanded investment in this area, we will strive to become more capable and have a greater capacity to solve our customers’ challenges and allow them to focus more on their businesses.”
The combination enables PPG and MSHS to become the industry leader with nationwide coverage and expanded OEM access. PPG and MSHS will continue investing in resources to enhance the next growth phase while providing its customers with best-in-class service.