The deal expands Singer's full distribution and market coverage from Connecticut to Maryland
M. Tucker's Stephen Tucker and Marc Fuchs will continue on as the executives leading the new division, which will operate as M. Tucker, a division of Singer NY, LLC.
In 2010, Singer posted revenues of $126 million, placing it in eighth place on FE&S' 2011 Distribution Giants Study, which ranks the top 100 foodservice equipment and supplies dealers by sales volume. M. Tucker posted revenues of $60 million in 2010, placing it 22nd among the top 100 dealers. As a result of this acquisition, Singer's annual revenues of $186 million would make it the fifth largest dealer in the industry.
While announcing the deal for M. Tucker, Singer Equipment Company president and CEO Fred Singer left the door open to similar deals in the future. "Singer will continue to look for other strategic acquisitions that enhance our ability to service key markets and customers," he said.