Drago Supply sells to Motion Industries

As expected, Drago Supply completed its sale today to Motion Industries. Joe Drago will be retiring as CEO in the near future. His replacement, if any, is yet to be named. There's plenty of speculation to go around, though.

After 77 years as a family-owed firm, Drago is now a subsidiary of a company with over 500 branches in the US and Canada with around 5,000 employees. Motion themselves is a subsidiary on Genuine Parts Company (GPC), a fortune 500 firm with more than 3 billion in sales and more than 30,000 employees. GPC's automotive parts division (NAPA Auto Parts) is the largest of it divisions, but has significant sales from it industrial (Motion) and electrical divisions. In other words, Drago is a very small piece of a much larger pie.

As far as my job is concerned, the official word is for no change. The reality, however, is that my position is in corporate, where there will be inevitable overlap of functions between the two companies. I would expect that when Motion has caught their breath and are ready to take another bite, they will swallow the corporate functions of Drago and eliminate duplication.

That's not to say I won't have a role to play in Motion, it just won't be current role. Or, I may be out altogether. The next several months, maybe even couple of years, are going to prove interesting and full of change.