October 19, 2022, 4:00:00 PM
Power-Flo Technologies, Inc. to acquire L. Winik & Associates, Inc. Assets
OLD BRIDGE, New Jersey, October 14, 2022 - L. Winik & Associates, Inc. has signed an agreement to sell its assets to Power-Flo Technologies, Inc. (PFT). The transaction is scheduled to close on October 14, 2022.
L. Winik & Associates, Inc.’s Owner and Vice President Jeffrey Winik noted, “This decision was made to strengthen the business and provide continuity for our employee base and customers in the market. Power-Flo Technologies is well-positioned to give our employees and customers’ opportunities to grow and thrive.”
Jerry DiCunzolo, Owner and President of Power-Flo Technologies stated that the company “is unique in its multi-faceted approach of providing services, supplies and solutions to our customers’ projects from conception to completion, by offering in-house engineering, supplies, and support solutions. Combining the capabilities of L. Winik & Associates, Inc. with PFT expands our ability to provide our broader customer base with superior service and products.”
The L. Winik employees have been invited to join the PFT team.
About Power-Flo Technologies:
Power-Flo Technologies is a unique family of companies consisting of distributors, fabricators, manufacturers and motor and pump repair firms serving the Northeast from New Jersey to Maine. As a Master Distributor and Manufacturer’s Representative with real system solutions, Power-Flo Technologies offers extremely diverse products and service offerings, expert engineering support, 11 state-of-the-art facilities and over 300 employees. It is this unique diversity of product, capability and service that enables PFT to bridge the very particular needs of the electrical, institutional, MRO & OEM industrial, as well as the plumbing and mechanical trades.
L. Winik & Associates, Inc.:
L. Winik & Associates, Inc. has been considered the HVAC Industry’s leading source for motor controls and electric heating products in the New York Tri-State and Philadelphia areas for over a half-century. From job quotations to Value Engineering, custom motor starters and panel building, the company has been involved in all types of projects; hospitals, schools, commercial office buildings, retail stores, warehouses, arenas, and stadiums.
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