JMH CAPITAL PARTNERS (JMH) has partnered with fluid power industry veteran, Brad Marshall, to establish Fluid Power Holdings, Inc. (FPH), which is focused on acquisition opportunities in fluid power products distribution. FPH recently completed its initial, foundational acquisition of Alternative Hose, Inc. (“Alternative” or the “Company”), a Phoenix, AZ based distributor of hydraulic and industrial hose, fittings, and assemblies. JMH Managing Director, Tate Bevis, led the transaction for JMH.
Founded in 1992 by Dirk Lange and Steve Ahrenberg, Alternative Hose is an independent distributor of hydraulic hose, industrial hose, connectors, and fittings used in various fluid power applications. Alternative started as a single branch operation in Phoenix and has expanded to four locations: Arizona (2), Idaho (1), and Nevada (1). The Company serves a diverse set of end markets, including general industrial, construction, heavy duty truck, agriculture, mining, and automotive.
Mr. Ahrenberg, Co-Founder of Alternative Hose, stated, “we felt that JMH’s approach and partnership with Brad Marshall provided the best opportunity for Dirk and me to achieve our goals while ensuring that the professional opportunity and personal development we have always provided our people would be secure going forward and that our organization would maintain its commitment to providing best-in-class service and value to our diverse customer base.”
“We are thrilled to partner with Steve and Dirk and the entire the Alternative Hose family”, said Tate Bevis, Managing Director of JMH Capital. “The team has nearly 30 years of experience creating the foundation that exists today, one that services a broad set of industries and customers and meets their complex fluid power needs.”
John Nies, Managing Partner of JMH Capital stated, “We believe that the mission-critical nature of the products and services offered by Alternative Hose is consistent with our desire to support businesses that play an important role in the success of the U.S. economy. We are excited to provide capital support and strategic guidance to expand Alternative’s geographic footprint and extend the Company’s industry-leading service and solutions to other markets.”
Fluid Power Holdings, Inc. will seek to build a national leader in fluid power products distribution and services through organic growth strategies and attractive M&A opportunities. Mr. Marshall assumes the role of CEO and will lead overall platform efforts. Mr. Marshall commented, “I’m excited to return to the industry where I can leverage my past experiences and network to build a truly differentiated industry leader.”