Trico Corp., a provider of lubrication management services and a manufacturer of lubrication equipment, recently purchased Predict USA, a Cleveland, Ohio oil analysis and monitoring services firm.
Pewaukee-based Trico Corp. has acquired Predict USA, of Cleveland, Ohio. The acquisition enables Trico to bring oil analysis and monitoring services in house. Trico can now offer a one-stop shop for all predictive lubrication management services to its clients.
"Predict is a well-respected company and brand," said Trico chief executive officer Robert Jung. "Bringing our two organizations together creates a true total solutions package for manufacturers looking to enhance the life of their equipment and improve overall operations." Financial terms of the acquisition were not disclosed.
Predict will become a wholly-owned subsidiary of Trico, but will continue to operate under its own brand name, according to Trico president Nick Kroll. Predict’s lab operations in Cleveland will continue, but its administrative and accounting functions will move to Trico’s Pewaukee headquarters. Trico believes it will hire four to five new employees to handle those functions, Kroll said.
The law office of Davidson & Kuelthau, S.C., and the accounting firm Virchow Krause & Co. advised Trico in the acquisition, Kroll said.
