WorldWide Electric Corporation (“WorldWide”), a global supplier of industrial electric motors, has acquired Louis Allis, a specialty motor company based outside of Birmingham, Alabama. Louis Allis engaged Business Acquisition and Mergers Associates (“BAMA”) to lead the sale process and identify a buyer that could support continued growth while retaining the core values of the company.
Founded in 1901, Louis Allis is known for its premium line of specialty electric motors used in heavy industrial and mission critical applications along with large format service capabilities. The Louis Allis brand and priority around customer excellence make them a compelling addition to WorldWide.
WorldWide President and CEO Jim Taylor notes, “Louis Allis and WorldWide Electric complement each other well. Louis Allis has a rich history of providing creative specialty motor solutions while WorldWide Electric has focused on providing readily available and high-quality motors, gear reducers and motor controls. Together, the companies will be able to meet all of our customers’ industrial motor needs.”
Greg Peterson, Louis Allis President, added “Both organizations bring staff that are dedicated to putting the customer first. That dedication is the driving force in our success now and into the future.”
The combination of these two companies provide a more turnkey solution set for customers centered around quality and reliability.
Louis Allis (www.louisallis.com), specializes in manufacturing and servicing high horsepower electric motors for some of the most demanding applications worldwide. Louis Allis is known to manufacture electric motors requiring specialized applications in order to provide creative solutions for their customers challenging needs.
WorldWide Electric Corporation (www.worldwideelectric.net), is a leading manufacturer of dependable electric motors, motor controls, and gear reducers. WorldWide Electric takes pride in providing a competitive edge to our customers by responding to their requirements with urgency, technical expertise, and professionalism. Worldwide is a platform investment of Graycliff Partners LP (www.graycliffpartners.com), a lower middle market investment firm based out of New York, NY.
Business Acquisition & Merger Associates (www.buysellyourbusiness.com), a Charlotte, NC advisory firm, assists business owners in growth recapitalizations, business transfers to financial or strategic buyers, and management buyouts. BAMA also helps companies grow by providing buy-side sourcing services that identify potential add-on acquisitions to expand geographic footprint or add strategic products and capabilities.