M&A Deal Summary

Applied Industrial Technologies Acquires Gibson Engineering

On January 5, 2021, Applied Industrial Technologies acquired automotive company Gibson Engineering

Acquisition Highlights
  • This is Applied Industrial Technologies’ 1st transaction in the Automotive sector.
  • This is Applied Industrial Technologies’ 25th transaction in the United States.
  • This is Applied Industrial Technologies’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2021-01-05
Target Gibson Engineering
Sector Automotive
Buyer(s) Applied Industrial Technologies
Deal Type Add-on Acquisition

Target

Gibson Engineering

Norwood, Massachusetts, United States
Gibson Engineering Co., Inc. is a provider of automation products, services, and engineered solutions focused on machine vision, motion control, mobile and collaborative robotic solutions, intelligent sensors, and other related equipment. Gibson Engineering is based in Norwood, Massachusetts.

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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 35 of 42
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 34 of 41
State (Massachusetts) 1 of 1
Country (United States) 25 of 31
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-07 Advanced Control Solutions

Marietta, Georgia, United States

Advanced Control Solutions is a provider of automation products, services, and engineered solutions focused on machine vision equipment and software, mobile and collaborative robotic solutions, intelligent sensors, logic controllers, and other related equipment. Advanced Control Solutions was founded in 1998 and is based in Marietta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 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.

Sell -