Warren Equity Partners recently acquired Magneto & Diesel Injector Service.
M&D Distributors, based in Humble TX, is an aftermarket distributor of mission-critical parts and components for maintaining and repairing diesel-powered engines, primarily within Texas, Oklahoma and Louisiana. Financial terms of the transaction were not disclosed.
Warren Equity acquired a majority interest in M&D from the Ingram family, who founded the company in 1943 to provide repair services to the shipping and rail industries during World War II. The Ingram family invested alongside Warren Equity in the transaction and will continue to be involved on the board of directors going forward, the company said.
“We are very excited to partner with the Ingram family and the M&D Distributors team,” said Steven Wacaster, managing partner at Warren Equity. “Under the Ingram family’s long history of ownership, the company has created a tremendous reputation for quality, service and technical expertise.
“We’re excited to support M&D Distributors during its next phase of growth.”
M&D Distributors’ product portfolio includes more than 100,000 new and remanufactured fuel injection, turbocharger, engine part and filtration products from leading OEMs and aftermarket suppliers. M&D Distributors supports all diesel end market applications, including light/medium-duty vehicles, heavy-duty commercial trucks and industrial equipment (including agriculture, marine, construction, railroad, and oil and gas).
“We chose to partner with Warren Equity because of their relevant industry expertise, experience in scaling similar types of businesses, and strong cultural fit,” said Trey Ingram, CEO of M&D Distributors. “Warren Equity differentiated themselves from the beginning of the process, and we’re excited to bring in a partner who will both help us execute upon our growth strategies and uphold the family legacy.”
M&D Distributors serves more than 12,000 customers through eight facilities within the highly fragmented independent customer channel, Warren said, including mechanics, independent repair shops, authorized service dealers and individual owner-operators.
“Trends such as aging truck fleets, increasingly stringent regulations, and growing focus on fuel efficiency are driving strong demand for and sophistication within the company’s products,” said Michael Zhang, vice president at Warren. “We look forward to working with Trey and management to continue growing the company.”