Zelienople, PA – August 18, 2023 — Motion & Control Enterprises (“MCE”) announced today that it has acquired Ultimation Industries, LLC (“Ultimation” or the “Company”), its fourth acquisition of 2023.
Headquartered in Roseville, MI, Ultimation provides highly engineered automation and material handling solutions as well as quick-ship distribution of material handling equipment products offered through a robust e-commerce platform to customers across the U.S., Latin America, and Europe. The Company services a broad range of end markets, including energy, automotive, logistics and vertical faming.
“We are excited to welcome Ultimation’s talented associates to the MCE family,” said Charles Hale, Chairman & CEO of MCE. “Ultimation adds to our engineered solutions capability, provides an enhanced offering for the growing material handling market and allows us to significantly expand our e-commerce capabilities.”
“The transition to MCE allows us to continue our strategy of providing customers with greater access to quality material handling solutions,” said Jacqueline Canny, CEO of Ultimation.
Ultimation was recognized in 2020 and 2022 as one of Inc. 5000’s fastest growing private companies in America. Ultimation was also named a 2022 Michigan 50 Companies to Watch by Michigan Celebrates Small Business.
Hale added, “We have now completed 11 acquisitions since December 2020 as we expand our range of highly engineered, full lifecycle fluid power, flow control, automation and compressed solutions to our OEM and end-user customers.”
Awards and rankings are based upon third-party reviews and opinions and are not indicative, or a guarantee, of Frontenac’s or any of its portfolio companies’ performance. The Inc. 5000 ranks private companies, with over $100,000 in revenue in 2019 and over $2 million in revenue in 2022, by overall revenue growth over a three-year period. The “Michigan 50 Companies to Watch” recognizes 50 companies that are high potential, second-stage, privately-held, Michigan-headquartered companies, with $750,000 to $50 million in annual revenue, and demonstrate the intent and capacity to grow based on: employee or sales growth, sustainable competitive advantage, other notable successes. Ultimation did not pay a fee to receive any of these awards.
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