M&A Deal Summary

Applied Industrial Technologies Acquires Bearing Distributors

On September 5, 2023, Applied Industrial Technologies acquired distribution company Bearing Distributors

Acquisition Highlights
  • This is Applied Industrial Technologies’ 35th transaction in the Distribution sector.
  • This is Applied Industrial Technologies’ 30th transaction in the United States.
  • This is Applied Industrial Technologies’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2023-09-05
Target Bearing Distributors
Sector Distribution
Buyer(s) Applied Industrial Technologies
Deal Type Add-on Acquisition

Target

Bearing Distributors

Columbia, South Carolina, United States
Bearing Distributors is a provider of bearings, power transmission, industrial motion, and related service and repair capabilities. Bearing Distributors is based in Columbia, South Carolina.

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Buyer(S) 1

Buyer

Applied Industrial Technologies

Cleveland, Ohio, United States
Category Company
Founded 1923
Sector Distribution
Employees6,350
Revenue 4.4B USD (2023)
DESCRIPTION

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 founded in 1923 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 40 of 41
Sector (Distribution) 35 of 35
Type (Add-on Acquisition) 39 of 40
State (South Carolina) 1 of 1
Country (United States) 30 of 30
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-05 Cangro

Farmingdale, New York, United States

Cangro is a provider of bearings, power transmission, industrial motion, and related service and repair capabilities. Cangro is based in Farmingdale, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-06 Kopar

Monterrey, Mexico

Kopar provides customers with emerging automation technologies and engineered solutions primarily in food & beverage, automotive, light manufacturing, electronics, and pharmaceutical end markets. Kopar is based in Monterrey, Mexico.

Buy -
Mergr

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