# Concentric closes acquisition of STANGCO Industrial Equipment

Concentric, an OnPoint Group Company, closed the acquisition of STANGCO Industrial Equipment Inc., expanding its motive power solution presence across southern California and the west coast market.

- Type: Acquisition
- Announced: 2021-08-11
- Where: California, United States
- Status: completed
- Products: industrial battery and charger solutions
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Concentric](https://endata.com/companies/1164.md)
- [OnPoint Group](https://endata.com/companies/53050.md) (investor)
- [STANGCO Industrial Equipment Inc.](https://endata.com/companies/57034.md) (target)

## Sources

- [mmh.com](https://www.mmh.com/article/concentric_closes_acquisition_of_stangco_industrial_equipment), 2021-08-11: "Concentric, an OnPoint Group Company, and a leader in DC power management for the material handling and critical power industries, today announced it has closed the acquisition of STANGCO Industrial Equipment Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.