M&A Deal Summary

Applied Industrial Technologies Acquires Automation

On November 2, 2022, Applied Industrial Technologies acquired distribution company Automation

Acquisition Highlights
  • This is Applied Industrial Technologies’ 33rd transaction in the Distribution sector.
  • This is Applied Industrial Technologies’ 27th transaction in the United States.
  • This is Applied Industrial Technologies’ 2nd transaction in Minnesota.

M&A Deal Summary

Date 2022-11-02
Target Automation
Sector Distribution
Buyer(s) Applied Industrial Technologies
Deal Type Add-on Acquisition

Target

Automation

Minneapolis, Minnesota, United States
Automation is a stocking distributor of motion, machine vision, pneumatic, electrical, process control, and machine components. The Company offers products from top manufacturers and stocks select products. Our services include the in-house IPS Design Center (extruded aluminum framing), Value Added Department, application evaluations, training, seminars, and local technical support. Automation was founded in 1981 and is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

Applied Industrial Technologies

Cleveland, Ohio, United States

Category Company
Founded 1923
Sector Distribution
Employees6,916
Revenue 4.5B USD (2024)
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 37 of 42
Sector: Distribution M&A 33 of 36
Type: Add-on Acquisition M&A Deals 36 of 41
State: Minnesota M&A 2 of 2
Country: United States M&A 27 of 31
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-19 RR Floody

Rockford, Illinois, United States

RR Floody is a hi-tech automation distributor that works with manufacturing companies in Chicago and Northern Illinois. RR Floody provides automation products, services, and engineered solutions focused on machine vision, mobile and collaborative robotics, motion control, material handling, and digital capabilities. RR Floody was founded in 1956 and is based in Rockford, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-04 Advanced Motion Systems

Cleveland, Ohio, United States

Advanced Motion Systems is a provider of automation products, services, and engineered solutions focused on a full range of machine vision, robotics, and motion control products and technologies. Advanced Motion Systems is based in Cleveland, Ohio.

Buy -