Applied Industrial Technologies - M&A Summary and Business Overview

DistributionCompany

Applied Industrial Technologies M&A Summary

Applied Industrial Technologies has acquired 43 companies, including 10 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 (86%) and machinery (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 4,413M USD for 2023 and 3,811M USD for 2022.

How many employees does Applied Industrial Technologies have?

Applied Industrial Technologies has 6,350 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 Activity43
    • M&A Buy Activity42
    • 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 founded in 1923 and is based in Cleveland, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.8/yr) # 33 1 2 1 3 2 42
vol $1.0B $1.0B
Sell (0.2/yr) # - - 1 - - - 1
  43

Most Recent M&A

Company Date Value Type
Hydradyne LLC 2024-11-22 - Add-on Acquisition
Fort Worth, Texas · www.hydradynellc.com
Grupo Kopar 2024-05-06 - Add-on Acquisition
Monterrey, Mexico · www.kopar.com.mx
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
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Distribution 36 (86%) 249M (24%) 1 (100%) -
Machinery 2 (5%) 768M (76%) - -
Technology Hardware 2 (5%) - - -
Automotive 1 (2%) - - -
Business Services 1 (2%) - - -
Total 42 $1.0B 1 -

By Geo

State/Country Buy Value Sell Value
United States 31 1.0B 1 -
  Ohio 7 768M - -
  Texas 5 - - -
  Oregon 2 - - -
  Minnesota 2 - - -
  Wisconsin 2 - - -
  North Carolina 1 - 1 -
  Pennsylvania 1 166M - -
  New York 1 - - -
  Missouri 1 - - -
  Michigan 1 83M - -
  Massachusetts 1 - - -
  Indiana 1 - - -
  Illinois 1 - - -
  Georgia 1 - - -
  Florida 1 - - -
  Washington 1 - - -
  South Carolina 1 - - -
Mexico 5 - - -
Canada 4 - - -
  Quebec 2 - - -
  Ontario 1 - - -
  British Columbia 1 - - -
Australia 1 - - -
Puerto Rico 1 - - -
Domestic 31 (74%) 1.0B (100%) 1 (100%) -
Cross-border 11 (26%) - - -
Total 42 $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)
2%
1 (2%)
Strategic(s)
2%
1 (2%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Distribution

Revenue

4,413   16% 2023
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

6,350

Established

1923

Public

NYSE: AIT

Former Name

Bearings, Inc.

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