Motion Industries, a distributor of maintenance, repair and operation replacement parts, signed a definitive purchase agreement to acquire the net operating assets of Maguire Bearing Co., an industrial distributor based in Hawaii. The transaction is expected to close at the end of February, subject to customary closing conditions.
Maguire Bearing has served the Hawaii and surrounding Pacific Rim market since 1955 when it was founded by William Maguire. His son, John “Jackie” Maguire, is the current owner and will lead the transition. The company is headquartered in Honolulu with additional branches in Kapolei, Kahului and Hilo. Maguire Bearing offers a wide selection of brand-name repair products including bearings, couplings, v-belts, electric motors, hydraulic components, safety supplies, lubricants and oil seals.
“Motion has been a reliable supplier to Maguire for many years, making it an ideal fit for our employees and customers,” said Maguire. “We’re excited about the growth potential this partnership will create, providing customers an even broader range of solutions to ensure their machinery and vehicles run smoothly and efficiently.”
“Along with its high-quality inventory, Maguire Bearing is highly regarded for its knowledgeable and approachable staff, who are committed to delivering exceptional customer service,” said James Howe, president of Motion. “This dedication aligns perfectly with Motion’s values and is one of the many strengths our companies share. We look forward to welcoming Maguire’s talented team and working together to grow our business in this key region.”
Maguire Bearing has about 30 employees in the state of Hawaii.
