M&D has expanded its aftermarket diesel engine components capabilities with the acquisitions of Thompson Diesel and Memo Corporation.
"M&D is excited about our focus to acquire businesses that have a rich culture that are focused on their employees," says Grant Garret, CEO at M&D. "This will allow M&D to continue to be a first-choice employer and leader in the industry, as we continue our national expansion."
M&D says Thompson Diesel has a decades-long relationship as one of M&D’s service dealers with deep expertise in diesel engines. As a provider of fuel injection and turbocharger repair parts and services based in Tulsa and Oklahoma City, servicing the entire state, the acquisition is a welcomed opportunity to boost remanufacturing capacity and customer reach.
Like M&D, Thompson Diesel has been a family-owned business for three generations, with Jim and Ray Thompson starting the company 52 years ago. Everett and Linda Stacy, and Al and Tracy Johnston provided second-generation ownership , followed by Brian Stacy and Paul DeHues as third-generation management.
“The historical relationship with M&D was such a natural fit,” says Everett Stacy. “It just made sense.”
Additionally, Memo Corporation is a leading supplier of aftermarket Deutz replacement parts worldwide, and a fully equipped engine rebuilder based in Southlake, Texas.
Originally selling tractors and farm equipment, owner Adel Elborai applied his knowledge of European diesel engines toward building the premier brand of Deutz aftermarket parts, where Elborai and his son, Ahmed Elborai, continued growing the business for more than three decades.
Memo’s deep expertise in Deutz and M&D’s scale offer benefits to both companies, M&D says.
“Our team members now have the opportunity to grow more than they did just within Memo. We’re also excited to see what opportunities M&D can offer to grow the Memo brand. We’d love to see it become a widespread shop name,” Ahmed Elborai says.
“With Memo as the world’s leader in Deutz aftermarket parts, and Thompson’s strength in turbos and fuel injection in Oklahoma, we’ll truly grow M&D’s footprint in the diesel engine parts aftermarket,” adds M&D Vice President of Acquisitions & Special Projects, Suken Patel.
These latest acquisitions expand M&D’s footprint to 17 locations, the company adds.