LK & Associates, Inc, an independent sales and marketing firm that serves Florida and Puerto Rico, has announced the strategic acquisition of L.P. Hench, another Florida-based sales and marketing company. The acquisition brings key lines along with a group of talented employees to LK & Associates.
The acquisition will effectively merge a few select brands and create the ultimate synergy of products, services and staff under the LK umbrella. The acquisition marks a strong year of double-digit growth for LK & Associates in the Florida region, despite the far-reaching global impact of the pandemic. LP Hench President Mike Hench will remain on in an advisory role to LK & Associates.
“We couldn’t be more excited about the opportunity to add select vendors to the family of brands we currently represent, along with a talented group of employees,” explains Seth Kaplan, principal at LK & Associates.
“This acquisition will ensure that we can cover the region on behalf of our manufacturer partners, maintaining the exceptionally high standard of service that has become the hallmark of our company. Mike Hench and his team have done a tremendous job in the market for many years, and we are honored to continue that legacy as part of LK & Associates.”
Hench points out the two companies share similar philosophies.
“The L.P. Hench Company has been customer-focused since its inception in in 1968, and we have always placed a high value on providing excellent service and support,” adds Hench.
“L.K & Associates shares similar values and has even gone beyond traditional thinking with innovative concepts that take dealer and manufacturer support to new levels. The integration of L.P. Hench Company into LK & Associates will best position the firm to build upon its reputation for excellent service well into the future.”