Milton Industries, a pneumatic and hydraulic accessory manufacturer, recently announced its acquisition of National-Spencer and Zee Line, manufacturer and distributor in lubrication and fluid management equipment.
This acquisition marks Milton's third investment within the last 18 months.
“This extends Milton’s footprint in industrial, agricultural and aeronautic markets and expands Zee Line’s distribution channels,” says Greg Carlson, CEO of Milton Industries. “We plan to use our design and engineering expertise to broaden both brands’ premium product offerings. Our combined systems, support and network will multiply growth.”
President and CEO of Zee Line and Hall of Fame Race Car Driver, Rick England, adds, “Milton is committed to a seamless transition and to servicing all our current customers with excellence. Operations will continue as usual. Our distributors will have the same customer service people and discounts, but with faster order fulfillment through increased scale and systems support.”
Carlson will serve as CEO of the new Zee Line by Milton brand as England will work with Carlson during the transition. Zee Line was employee-owned prior to the acquisition. Milton’s management team is partnered with its financial sponsor, LLCP (Levine Leichtman Capital Partners).
Milton Industries and Zee Line combined markets now include agricultural, industrial, manufacturing, automotive, military, aeronautical, and trucking/fleet industries.
