JGB Enterprises Inc., backed by HCI Equity Partners, has recently acquired Industrial, Petroleum and Mining Supplies Limited d/b/a HosePower Canada.

JGB is a supply chain management and logistics services distributor of industrial hose, fluid power products, and hose assembly products aimed at customers, including the U.S. Department of Defense. The acquisition of IPM provides JGB entry into the Canadian market and access to a complementary product portfolio and service capabilities.

Headquartered outside of Toronto, IPM is a distributor of hydraulic, industrial and propane hose, fittings and accessories. The company has six locations across Canada and serves more than 3,000 customers.

“IPM is a market-leading distribution platform in an industry where JGB has extensive experience and success, and we believe it represents a compelling opportunity to drive operating improvements and geographic expansion,” said Kevin Kilkelly, president of JGB.

Greenberg Traurig LLP and McMillan LLP served as legal counsel to JGB. CIBC Mid-Market Investment Banking acted as the financial advisor to IPM. Folger, Rubinoff LLP served as legal counsel to IPM, and Baker Tilly LLP advised on accounting and tax matters.