M&A Deal Summary

Applied Industrial Technologies Acquires Industrial Equipment Co.

On October 4, 2002, Applied Industrial Technologies acquired distribution company Industrial Equipment Co.

Acquisition Highlights
  • This is Applied Industrial Technologies’ 7th transaction in the Distribution sector.
  • This is Applied Industrial Technologies’ 1st transaction in Canada.
  • This is Applied Industrial Technologies’ 1st transaction in British Columbia.

M&A Deal Summary

Date 2002-10-04
Target Industrial Equipment Co.
Sector Distribution
Buyer(s) Applied Industrial Technologies
Deal Type Add-on Acquisition

Target

Industrial Equipment Co.

Vancouver, British Columbia, Canada
Industrial Equipment Co. Ltd. distributes a full range of industrial products, including bearings, power transmission components, seals, hose, filtration products and fluid power products.

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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 7 of 42
Sector: Distribution M&A 7 of 36
Type: Add-on Acquisition M&A Deals 7 of 41
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 4
Year: 2002 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-10-12 Rafael Benitez Carrillo

San Juan, Puerto Rico

Rafael Benitez Carrillo, Inc. is a suppliers of power transmission products in Puerto Rico and the Caribbean with products, such as chain, belts, v-belts, motors, reducers, seals, bearings of various types and lubricants and brands such as SKF, Torrington, Timken, US Motors, Reliance, Dodge, Goodyear, etc.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-22 Baleros Industriales S.A. de C.V.

Monterrey, Mexico

Baleros Industriales S.A. de C.V. is a distributor of bearings and power transmission products.

Buy -