Family-owned Purkeys in Lowell sold to California’s Mission Critical Electronics
by November 8, 2019 9:23 am 1,119 views
Mission Critical Electronics (MCE), a California company that makes electronic power products, has acquired Lowell-based electrical products manufacturer Purkeys Fleet Electric.
Financial terms of the deal were not disclosed. Purkeys has provided electrical products for the trucking and transportation industry for nearly three decades. Bruce Purkey launched the company in 1990, selling starters, alternators and batteries to local fleets in Northwest Arkansas.
His son, Justin Purkey, has been CEO since 2013. His new role is vice president and general manager of the Purkeys business, which will maintain its name and operate as an MCE company.
Purkeys has 45 employees in Lowell.
“We at Purkeys are thrilled with the opportunity afforded us by joining forces with MCE,” Justin Purkey said in a statement. “Our focus has always been on providing our customers and industry partners with the best service possible to help them keep their trucks on the road. MCE has the scale and resources to help us grow faster so that we can put even more effort into helping our customers. Our industry partners, our customers, and our employees will all benefit from this partnership.”
MCE designs, manufactures and distributes electronic power products that fit a variety of applications across all non-automotive vehicle types (including RVs, heavy-duty trucks, work trucks, emergency vehicles and buses), marine, wireless networks, industrial power, mobile communications and mobile computing.
“We are delighted to have Purkeys join MCE,” CEO Kevin Moschetti said in a statement. “Purkeys’ products are high quality, technologically advanced and valued by its customers. Purkeys has a strong reputation for being a reliable, trusted partner of truck fleet operators, solving electrical system problems and realizing new power application opportunities.”
MCE is backed by Windjammer Capital Investors. Founded in 1990, Windjammer’s institutional funds total more than $2 billion of capital.