CLEVELAND, July 01, 2021 (GLOBE NEWSWIRE) — Crawford United Corporation today announced the purchase of the operating assets of Emergency Hydraulics LLC in Ocala, Florida. The acquired business provides hydraulic hoses, air tank assemblies and related products to manufacturers of firefighting trucks and other emergency vehicles.
“Emergency Hydraulics is strategically important to our growing industrial hose platform,” said Brian Powers, CEO of Crawford United. “The acquisition will expand our offerings and diversify our customer base in this important market segment,” he added.
The acquisition is expected to add approximately $2 million in annualized revenue to Crawford United and be immediately accretive to earnings.
About Crawford United Corporation. Crawford United Corporation is a growth-oriented holding company providing specialty industrial products to diverse markets, including healthcare, education, aerospace, defense, and transportation. For more information, go to www.crawfordunited.com.
