RELEVANT INDUSTRIAL PURCHASES STOCK OF 505 INDUSTRIAL SUPPLY, LLC
HOUSTON, TX -- Relevant Industrial, LLC (Relevant), a leader in value-added distribution and service for instrumentation and automation, rotating equipment, valve, purification, and thermal equipment sectors, recently announced the purchase of 505 Industrial Supply, LLC headquartered in Albuquerque, NM. 505 Industrial Supply is a leading provider of hydraulic hoses, fittings, adapters, valves, gauges, and associated accessories to customers in the Albuquerque and surrounding markets. The transaction closed on August 1, 2021.
Relevant Industrial, with the addition of 505 Industrial Supply, employs 250 associates, covering key customer markets from the Texas and Louisiana Gulf Coast, north through Oklahoma, Arkansas to the Dakotas and Minnesota, and extending west through the Rockies, desert Southwest and West Coast.
John Carte, Relevant Industrial’s Chief Executive Officer commented, “We are eager to have 505 Industrial join the Relevant Industrial family. Albuquerque is an important market for us, supported through our PF&G business, and the combined efforts of these two teams adds significant value to our customers and supply partners.” Mr. Carte continued, “This acquisition paves the way for greater opportunities to serve this market, and we look forward to creating growth and opportunity for everyone.”
Stone McVey, 505 Industrial Supply’s Owner and Chief Executive Officer stated, “The decision to partner with the Relevant team was made to provide better service and wider breadth of product to our customers in New Mexico. This is a partnership we are very excited about.”
Relevant’s acquisition of 505 Industrial Supply paves the way for amplified customer service through a deep portfolio of products and wide range of services.
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About 505 Industrial Supply
Over the last decade Stone McVey and David Hartig cultivated their passion for serving the Albuquerque community by providing industrial, pneumatic, and hydraulic products to a broad customer base. In the spring of 2019, Stone McVeigh purchased the Albuquerque branch of Motion & Flow Control Products, Inc. (MFCP) and shortly thereafter, 505 Industrial Supply was established. With their expert knowledge in the fluid connector and fluid power markets, 505 Industrial Supply became the preferred source for industrial and hydraulic hose assemblies, adapters, valves, tube fittings, pumps, motors, and the associated accessories. 505 Industrial Supply also offers a wide range of services for the equipment they sell. For more information about 505 Industrial Supply, visit: 505industrialsupply.com.
About Relevant Industrial
Relevant Industrial, LLC was formed in 2010 to acquire certain assets of Wilson Mohr, which traces its roots back to 1965. Since 2010, the company has grown from 16 locations and expanded its product portfolio and engineered solutions to a wide range of customer end markets. Relevant Industrial has locations in California, Louisiana, New Mexico, Oklahoma, Utah, and Texas. The company has a sales representation in Nevada, Arizona, Colorado and North Dakota. Relevant serves customers in the Renewable Energy, Alternative Fuels, Semiconductor, Refining, Petrochemical Processing, OEM, Food processing, Upstream Oil & Gas, and Municipal markets through products and services including instrumentation and automation, rotating equipment, purification, and thermal equipment. Relevant Industrial is your partner for relevant solutions. For further information about Relevant Industrial, visit relevantsolutions.com.
505 Industrial Supply