- people on the move
Air compression solutions maker acquires dealer
The North American subsidiary of a global supplier of compressed air solutions acquired a local distributor.
Charlotte, North Carolina-based ELGi Compressors USA Inc., a subsidiary of Coimbatore, India-based ELGi Equipments Limited, said it acquired Grand Rapids-based Michigan Air Solutions, which also has a Plymouth office, from the company’s owner, Tim Montsma, last month.
Terms of the deal were not disclosed.
Both office locations, 4511 Clay Ave. SW in Grand Rapids, and 9123 General Ct. in Plymouth, will be retained, as well as the company’s 22 employees, including its general manager Lisa Lewis.
“ELGi’s acquisition of Michigan Air is a continuation of our strategy to invest in select, inorganic opportunities to gain presence in the North American market,” said David Puck, president, ELGi North America. “With ELGi’s robust product portfolio and Michigan Air’s customer centricity, we are confident of building a strong foundation for market growth in the Midwest.”
Lewis said she and her team are “excited” to move forward under ELGi’s ownership.
“We recognize ELGi’s commitment to manufacturing products with best-in-class reliability and ownership cost,” Lewis said. “Matched to Michigan Air’s proven customer service, we will create a formidable team.”
Michigan Air Solutions
Founded in 2009, Michigan Air Solutions serves customers in the Lower Peninsula with compressed air expertise, a wide range of products and after-sales support and repair.
Its product portfolio includes compressors, dryers, filtration, piping, vacuum pumps, blowers and more.
The company has customers in the following markets: pharmaceuticals, automotive, distribution, food and beverage, packaging and general manufacturing.
Founded in 1960, ELGi Equipments Limited is an air compressor manufacturer.
ELGi’s portfolio of over 400 products includes oil-lubricated and oil-free rotary screw compressors; oil-lubricated and oil-free reciprocating compressors and centrifugal compressors; dryers; filters; and downstream accessories.
ELGi entered the North American market in 2012 by acquiring Patton’s Inc. in Charlotte, North Carolina.