M&A Deal Summary

Timken Acquires Smith Services

On April 12, 2013, Timken acquired electrical equipment company Smith Services

Acquisition Highlights
  • This is Timken’s 2nd transaction in the Electrical Equipment sector.
  • This is Timken’s 14th transaction in the United States.
  • This is Timken’s 1st transaction in West Virginia.

M&A Deal Summary
Date 2013-04-12
Target Smith Services
Sector Electrical Equipment
Buyer(s) Timken
Deal Type Add-on Acquisition

Target

Smith Services

Princeton, West Virginia, United States
Smith Services, Inc. is a regionally focused provider of electric motor rewind and repair. The company operates from an 180,000 square foot facility. Smith repairs and rewinds electric motors in the 200 to 3,500 horsepower range and conducts on-site diagnostic assessments and repairs. Smith Services also performs other mechanical equipment repairs, primarily relating to pumps, fan and blowers.

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Buyer(S) 1

Buyer

Timken

North Canton, Ohio, United States
Category Company
Founded 1899
Sector Machinery
Employees19,000
Revenue 4.8B USD (2023)
DESCRIPTION
Entrance to Timken's corporate headquarters in North Canton, Ohio.
Entrance to Timken's corporate headquarters in North Canton, Ohio.

Timken designs, engineers, manufactures and markets Timken bearings, transmissions, gearboxes, chain and related products, and offers a spectrum of power system rebuild and repair services around the world. Timken was founded in 1899 and is based in North Canton, Ohio.

DEAL STATS #
Overall 15 of 40
Sector (Electrical Equipment) 2 of 3
Type (Add-on Acquisition) 15 of 35
State (West Virginia) 1 of 1
Country (United States) 14 of 28
Year (2013) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-13 Interlube Systems

Plymouth Devon, United Kingdom

Interlube Systems Ltd. is recognized for its quality, reliable service and workmanship in designing, manufacturing and installing lubrication delivery systems and components as well as installation services. Based in Plymouth, U.K., Interlube provides lubrication delivery solutions to commercial vehicle, mining, construction, manufacturing and other heavy industrial customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-13 Hamilton Gear

Saskatoon, Saskatchewan, Canada

Standard Machine provides new gearboxes, gearbox service and repair, open gearing, large fabrication, machining and field technical services to end‑users in Canada and the western United States. Standard Machine serves a wide variety of industrial sectors including mining, oil and gas, pulp and paper.

Buy -
Mergr

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