M&A Deal Summary

Applied Industrial Technologies Acquires S. G. Morris

On October 2, 2015, Applied Industrial Technologies acquired distribution company S. G. Morris

Acquisition Highlights
  • This is Applied Industrial Technologies’ 28th transaction in the Distribution sector.
  • This is Applied Industrial Technologies’ 18th transaction in the United States.
  • This is Applied Industrial Technologies’ 5th transaction in Ohio.

M&A Deal Summary

Date 2015-10-02
Target S. G. Morris
Sector Distribution
Buyer(s) Applied Industrial Technologies
Deal Type Add-on Acquisition
Advisor(s) EdgePoint Capital Advisors (Financial)

Target

S. G. Morris

Cleveland, Ohio, United States
website
S. G. Morris Co. (SGM) is a distributor of fluid power components and provider of engineered fluid power systems.

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Buyer(S) 1

Buyer

Applied Industrial Technologies

Cleveland, Ohio, United States

website


Category Company
Founded 1923
Sector Distribution
Employees6,100
Revenue 3.8B USD (2022)
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 incorporated in 1923 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 28 of 37
Sector (Distribution) 28 of 34
Type (Add-on Acquisition) 28 of 36
State (Ohio) 5 of 6
Country (United States) 18 of 27
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-04 Atlantic Fasteners

Greensboro, North Carolina, United States

Atlantic Fasteners, Inc. is a distributor of C-Class consumables. Atlantic Fasteners was founded in 1985 and is based in Greensboro, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-05 HUB Industrial Supply

Lake City, Florida, United States

HUB Industrial Supply is a distributor of consumable industrial products.

Buy -