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ZSI-Foster

Canton, Michigan
Acquired: May 2014
Divested: June 2019
Industry: Fluid Power and Electrical Components

While under Pfingsten’s ownership, ZSi-Foster manufactured support systems, cushioned clamping and quick disconnect coupling devices that attached to pipe, tube and hose to prevent vibration, shock, surge and corrosion. The company offered a full breadth of product serving the general industrial, fluid power, HVAC, refrigeration and electrical markets. ZSi-Foster was headquartered in Canton, Michigan and had additional facilities in Springfield, Missouri, La Mirada, California, and Ocala, Florida.

Acquisitions

Wesanco, Inc. – La Mirada, CA
Hydraulax Products, LLC – Philadelphia, PA
Florida Strut, LLC – Ocala, FL

Burton Saw and Supply
Des-Case Corporation
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ZSi-Foster

ZSI-Foster was a manufacturer of metal support systems, clamping systems, couplers, hose and hose assemblies. The Company served a diverse set of end markets including general industrial, fluid power, HVAC, material handling, agriculture, refrigeration and electrical ZSI-Foster sold a broad product portfolio of over 12,000 SKUs to distributors, OEMs, contractors and MRO end-users.

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Rick Stepien, CEO, ZSi-Foster
Company Profile
Headquarters: Canton, MI
Industry: Manufacturing
Previous Owner: Family Office and Entrepreneur
Seller Re-investment: Yes
Employees: 162 (added 82 employees)
Pfingsten Value Creation:
  • Acquired three companies to broaden product offering and cross-selling opportunities
  • Significantly expanded the company’s sales resources and executive leadership team
  • Developed an e-commerce platform, creating a new channel to market
  • Aggressively increased industrial distributor branch penetration to drive organic growth
  • Added three new facility locations, expanding the company’s geographic footprint and ability to ship next day to all customers
Rick Stepien CEO, ZSi-Foster
Regulatory Disclosure