A Note From John Schaller, President of CPD and Michael Medart, President of Medart Inc.
May 1, 2020
Medart Inc. and Central Power Distributors (CPD) today are pleased to announce that they have reached a definitive agreement under which Medart will acquire the assets of CPD’s outdoor power equipment engines and parts distribution business. Medart will be operating out of CPD’s current facilities in both Anoka, MN and Menomonee Falls, WI. Most all the major products that you are purchasing today will be retained and be available in the future. The transaction is expected to close May 1, 2020.
“Medart Engine, a division of Medart Inc. is both excited and committed with this opportunity. We are excited to add key personnel from CPD,” said President Michael Medart. “We plan to operate in the Minneapolis and Milwaukee regions to be able to continue providing next day service to most of CPD’s markets. With Medart Engine’s acquisition of CPD, we plan to further strengthen the current partnership with the dealer network, as well as, enhance the end users buying experience from the dealer base.
“The CPD team is excited for the opportunity this transaction creates for them to continue growing the business”, said CPD President John Schaller. ‘Medart is an established Kohler Engine and MTD distributor operating in multiple regions, who will continue growing the business. CPD is committed to working with Medart to make this transition seamless to the customer base.”