Wainbee Limited Acquires Hydraulics Plus, Strengthening Its Presence in Northern Ontario

As part of our ongoing commitment to delivering value to our shareholders and strengthening our position in the Canadian market, we are pleased to announce that Wainbee Limited has successfully completed the acquisition of Hydraulics Plus (1169366 Ontario Inc.) of Timmins, Ontario.
 
This strategic acquisition represents an important step forward in expanding Wainbee’s service and technical capabilities across Northern Ontario. Founded in 2012, Hydraulics Plus is a full-line Parker distributor with a strong focus on the service and repair of fluid power components, including specialized cylinder repair services. This capability enhances Wainbee’s service offering in Northern Ontario and supports the continued development of the region as a service hub.
 
Timmins is a key regional hub with an economy rooted in mining, natural resources, and forestry. By combining Hydraulics Plus’ strong local presence and service depth with Wainbee’s national scale, product breadth, and supplier relationships, the organization is well positioned to unlock new growth opportunities and enhanced service offerings for customers in the region.
 
“Hydraulics Plus brings exceptional service expertise and a strong local team, and we’re proud to welcome them to Wainbee as we continue investing in people, capability, and long-term regional growth,” said Campbell Tourgis, President & CEO of Wainbee Limited.
 
“Northern Ontario represents a highly resilient industrial market, and Hydraulics Plus’ strong service footprint allows us to deepen customer relationships while expanding opportunities across mining, forestry, and industrial maintenance. Together, we see meaningful potential to grow both service and project-driven demand in the region,” said Mike Labanovich, Vice President of Sales & Technical Services.
 
“Bringing together the trusted Hydraulics Plus name with Wainbee’s national brand allows us to tell a stronger, more unified story in Northern Ontario, one that reflects both deep local service expertise and the scale, capability, and reliability of a national partner,”said Jeanine Frutuoso, Vice President of Marketing & Business Systems.
 
Wainbee would like to express our sincere appreciation to our shareholders, customers, partners, and employees for their continued support and dedication. We are confident that this acquisition marks the beginning of a new chapter of enhanced service and expanded capabilities in Northern Ontario in the months and years ahead.
 
For further information, please contact: marketing@wainbee.com