Troy Industrial Acquiring B&J Electric Motor Repair

A tip from a vendor led Jason Smith to the first acquisition in the 150-year history of his family’s company in upstate New York. Smith, as president and CEO of Troy Industrial Solutions, is buying a motor shop in southwest Connecticut. He expects the purchase to close early next month. The purchase signals that Troy Industrial Solutions views geographic expansion as the best way to drive growth. The acquisition also enables Smith, age 35, to…