Gillespie & Powers have acquired Thorpe Technologies, a supplier of a wide variety of thermal processing equipment, parts and services.
Apart from the thermal processing equipment supplier, G&P have also acquired Thorpe Holding Company and JT Thorpe, all three located in San Dimas, California.
G&P is a fifth-generation family-owned supplier of specialized furnaces supporting the metals processing industry. The purchase provides increased engineering, production, construction and management capabilities to the customers. The combined companies can now offer a complete casthouse, recycling facilities, thermal treatments or incineration equipment, apart from continued offer of maintenance, repair, parts, modifications and upgrades for existing equipment.
Jack Gillespie will be assuming the role of president of Thorpe Technologies, with John Allen remaining with Thorpe Technologies as senior vice president. John Peterman will remain as president of Gillespie & Powers with Jack Gillespie as vice president and COO.
Acquisition of thermal processing equipment supplier Thorpe “delivers increased value to stakeholders and customers”
“Gillespie & Powers and Thorpe Technologies have long histories of sustained excellence and common values,” said John Allen. “We’ve navigated market and technological changes over the years and assisted our customers through the transformations. This merger of two great organizations delivers increased value to our stakeholders, the customers we serve, manufacturers we represent, and our employees and owners who define us.”
John Peterman said: “Each of us brings complementary strengths in terms of our teams, product lines, service offerings, and geographical regions we serve. In addition, because we will remain a private company, we can be closer to our customers and anticipate their needs with the flexibility and agility required to support their business objectives in a fast-moving world.”