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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