Applied Industrial Technologies - M&A Summary and Business Overview

DistributionCompany

Applied Industrial Technologies M&A Summary

Applied Industrial Technologies has acquired 41 companies, including 8 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

Applied Industrial Technologies’ largest acquisition to date was in 2018, when it acquired FCX Performance for $768M. Applied Industrial Technologies has acquired in 18 different US states, and 5 countries. The Company’s most targeted sectors include distribution (88%) and technology hardware (5%).

Applied Industrial Technologies Business Overview

Where is Applied Industrial Technologies headquartered?

Applied Industrial Technologies is headquartered in Cleveland, Ohio.

What is Applied Industrial Technologies’ revenue?

Applied Industrial Technologies disclosed revenue of 3,811M USD for 2022 and 3,236M USD for 2021.

How many employees does Applied Industrial Technologies have?

Applied Industrial Technologies has 6,157 employees.

What sector is Applied Industrial Technologies in?

Applied Industrial Technologies is a distribution company.

When was Applied Industrial Technologies founded?

Applied Industrial Technologies was founded in 1923.

M&A Summary

  • M&A Total Activity41
    • M&A Buy Activity40
    • M&A Sell Activity1
  • Total Sectors Invested 5
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 4

Applied Industrial Technologies

Applied Industrial Technologies, Inc.

1 Applied Plaza,
Cleveland, Ohio 44115
United States,
(216) 426-4000
www.applied.com

Applied Industrial Technologies is an industrial distributor that offers more than five million parts to serve the needs of MRO and OEM customers in virtually every industry. Applied Industrial Technologies was incorporated in 1923 and is based in Cleveland, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.4/yr) # 33 1 2 1 3 - 40
vol $1.0B $1.0B
Sell (0.2/yr) # - - 1 - - - 1
  41

Most Recent M&A

Company Date Value Type
Bearing Distributors Inc. 2023-09-05 - Add-on Acquisition
Columbia, South Carolina · www.bearingdistributors.com
Cangro Industries Inc. 2023-09-05 - Add-on Acquisition
Farmingdale, New York · www.cangroindustries.com
Advanced Motion Systems, Inc. 2023-04-04 - Add-on Acquisition
Cleveland, Ohio · www.www.applied.com
Automation, Inc. 2022-11-02 - Add-on Acquisition
Minneapolis, Minnesota · www.automationinc.com
R.R. Floody Co., Inc. 2021-08-19 - Add-on Acquisition
Rockford, Illinois · www.rrfloody.com
Atlantic Fasteners, Inc. 2021-02-02 - Divestiture
Greensboro, North Carolina · www.afast.com
Gibson Engineering Co., Inc. 2021-01-05 - Add-on Acquisition
Norwood, Massachusetts · www.gibsonengineering.com
Advanced Control Solutions 2020-10-07 - Add-on Acquisition
Marietta, Georgia · www.advancedcontrolinc.com
Olympus Controls Corp. 2019-08-14 - Add-on Acquisition
Tualatin, Oregon · www.olympus-controls.com
FCX Performance, Inc. 2018-01-09 768M USD Add-on Acquisition
Columbus, Ohio · www.fcxperformance.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Distribution 35 (88%) 249M (24%) 1 (100%) -
Technology Hardware 2 (5%) - - -
Automotive 1 (3%) - - -
Business Services 1 (3%) - - -
Machinery 1 (3%) 768M (76%) - -
Total 40 $1.0B 1 -

By Geo

State/Country Buy Value Sell Value
United States 30 1.0B 1 -
  Ohio 7 768M - -
  Texas 4 - - -
  Wisconsin 2 - - -
  Oregon 2 - - -
  Minnesota 2 - - -
  North Carolina 1 - 1 -
  Massachusetts 1 - - -
  Indiana 1 - - -
  Illinois 1 - - -
  Georgia 1 - - -
  Florida 1 - - -
  Washington 1 - - -
  South Carolina 1 - - -
  Pennsylvania 1 166M - -
  New York 1 - - -
  Missouri 1 - - -
  Michigan 1 83M - -
Canada 4 - - -
  Quebec 2 - - -
  Ontario 1 - - -
  British Columbia 1 - - -
Mexico 4 - - -
Australia 1 - - -
Puerto Rico 1 - - -
Domestic 30 (75%) 1.0B (100%) 1 (100%) -
Cross-border 10 (25%) - - -
Total 40 $1.0B 1 -

Deal Values

buy # Total
$100M to $1B 2 $934M
< $100M 1 $83M
TOTAL $1.0B
Largest FCX Performance, Inc.
$768M (2018-01-09)

M&A Connections

Deals
Acquired from
Investor(s)
3%
1 (3%)
Strategic(s)
3%
1 (3%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Distribution

Revenue

3,811   18% 2022
3,236   1% 2021
3,246   7% 2020
3,473   14% 2019
3,073   19% 2018
2,594   3% 2017
2,519   9% 2016
2,752   12% 2015
2,459   1% 2014
2,462   2013
(millions of USD) Show More Show Less

Employees

6,157

Established

1923

Public

NYSE: AIT

Former Name

Bearings, Inc.

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