BOWLING GREEN, KY – Houchens Industries, Inc. (“Houchens”), one of the largest and most diversified wholly owned S Corp ESOPs in the United States, announced today that it has acquired H.H. Barnum Company (“H.H. Barnum” or the “Company”).
H. H. Barnum, based in Michigan, is a leading value-added distributor of controls for factory and warehouse automation. The Company employs nearly 300 people and serves over 5,000 customers through its locations in Michigan, Ohio, Indiana, Kentucky, Tennessee, Alabama, North Carolina and South Carolina.
Ed Koza, CEO of H.H. Barnum, said, “We’re very excited to join the Houchens family of businesses. Joining such a successful and diverse ESOP company will provide tremendous long-term benefits for our employees and the growth capital necessary to continue our long-term growth objectives. Partnering with Houchens will solidify our position as one of the country’s premier automation distributors.”
Dion Houchins, CEO at Houchens, commented, “We are elated with our acquisition of H. H. Barnum. This transaction aligns perfectly with our strategic plan to further grow and diversify our ESOP. We are extremely excited to work with Ed Koza, the leadership team, and all the employees who have built a tremendous organization. We look forward to the continued growth and success of the business.”
About Houchens Industries
Houchens is a 100% wholly owned ESOP that currently owns several operating companies in various industries, including retail, industrial manufacturing and distribution, construction, consumer products and insurance. Houchens’ subsidiaries and affiliates generate nearly $4.2 billion in annual revenue. The company targets long-standing, growth-oriented companies with great leadership teams that embody an employee-centric focus in support of its customers, suppliers, and the communities that it operates. For more information, please visit www.houchens.com.
