I hope this does not affect the quality or customer service of this great company.
MENOMONEE FALLS, Wis. Power Products has acquired Apex, N.C.-based RV electrical equipment manufacturer Progressive Industries from Thomas Fanelli. The terms of the transaction, which was completed April 7, were not disclosed, Milwaukee Business News reported.
Progressive Industries, which has about 30 employees, makes surge protection equipment, adapters and connectors used by RV owners. The company will retain its branding and operations in Apex. The current management team at Progressive Industries will remain in place, save for president and former owner Fanelli, who will retire, the publication explained.
The acquisition opens up new growth opportunities for Power Products in the RV industry, said David Scheer, chief executive officer of Power Products.
The full story is available at Milwaukee Business News.
This marks the 19th announced consolidation within the RV industry since Jan. 1, according to reports published by RV Daily Report. Some deals may have been announced during RV Daily Reports end-of-year break in late 2016, but the news was published after the new year. Here is the current 2017 RV industry consolidation scorecard:
Jan. 3 Camping World acquires RV World of Georgia
Jan. 10 Camping World acquires RV-Max: Three locations in Texas
Jan. 19 Camping World buys Jamatt RV in Oklahoma
Feb. 2 Camping World buys Nelsons RV in Idaho
Feb. 16 Camping World acquires McGeorges RV in Virginia
March 3 Willkins RV acquires Ballantyne RV in New York
March 8 Camping World acquires Safford RV in Virginia
Jan. 2 REV Group takes over Renegade RV
Feb. 10 Hymer acquires Explorer Group in England
Jan. 2 Covercraft acquires ADCO
Feb. 2 Dexter acquires Tie Down Engineering
Feb. 9 Lippert Components acquires Sessa Klein
March 16 Ultrafabrics merges with Daiichi Kasei Company
March 20 Patrick Industries acquires Medallion Plastics
April 3 Valterra acquires Diamond Group
April 4 The Eastern Company acquires Velvac
April 12 Power Products acquires Progressive Industries
Jan. 20 Zeman Homes buys Paradise Camping Resort in Grand Prairie, Ill., and Seasons in the Sun RV Resort in Mims, Fla.
April 4 Diversified Investment Companies acquires Hidden Creek Camping Resort in Marion, N.C.
Power Products acquires Progressive Industries | RV Daily Report