Troy Industrial Solutions

Troy Industrial Solutions Purchases Motor and Drives LLC

May 23, 2016 – Ansonia, CT – Troy Industrial Solutions, headquartered in Watervliet, NY, announced they have closed on the purchase of Motors and Drives LLC located in Milford, Connecticut. MDLLC was founded more than 40 years ago by Charles A. O’Donnell III and was a leading supplier of motors, drives and controls servicing manufacturers…

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Company continues aggressive growth strategy through acquisition of Lane Conveyors and Drives of Brewer, Maine

Family-owned Troy Industrial Solutions was founded in 1862 in upstate New York. Since then, the company can attest to 150-plus years of maintenance, repair, and operations in the northeast region. The company has constantly expanded, both in area and services, over that century-and-a-half timeline, a progression that continued last week with the acquisition of Lane Conveyors and Drives of Brewer, Maine. In a press release announcing the acquisition, Lane’s Bob Taylor revealed that the move was initiated by Lane as part of its exploration of potential exit strategies.

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Troy Industrial Solutions Signs Agreement to Purchase Lane Conveyors and Drives of Brewer, Maine. Continues Growth Strategy Into New England

Troy Industrial Solutions, headquartered in Watervliet, NY, announced they have signed an agreement to purchase the assets of Lane Conveyors and Drives headquartered in Brewer, Maine. Lane was founded in 1959 as an industrial distributor of supplies and power transmission equipment servicing the paper manufacturing and woodlands industry.

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Switching to Premium Efficiency Motors?

Did you know that motors used in commercial and industrial facilities consume more than half of the electricity used nationwide? That’s a lot of juice. These days, premium efficiency motors on the market are up to 8% more efficient than standard units-offering substantial energy savings and lower operating costs.

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