M&A Deal Summary

Applied Industrial Technologies Acquires Invetech Co.

On February 18, 1997, Applied Industrial Technologies acquired distribution company Invetech Co. for 83M USD

Acquisition Highlights
  • This is Applied Industrial Technologies’ 5th transaction in the Distribution sector.
  • This is Applied Industrial Technologies’ 3rd largest (disclosed) transaction.
  • This is Applied Industrial Technologies’ 5th transaction in the United States.
  • This is Applied Industrial Technologies’ 1st transaction in Michigan.

M&A Deal Summary

Date 1997-02-18
Target Invetech Co.
Sector Distribution
Buyer(s) Applied Industrial Technologies
Deal Type Add-on Acquisition
Deal Value 83M USD

Target

Invetech Co.

Detroit, Michigan, United States
Invetech Co. is a distributor of wide variety of industrial components to approximately 33,000 customers.

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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 5 of 42
Sector: Distribution M&A 5 of 36
Type: Add-on Acquisition M&A Deals 5 of 41
State: Michigan M&A 1 of 1
Country: United States M&A 5 of 31
Year: 1997 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Engineered Sales

Maryland Heights, Missouri, United States

Engineered Sales, Inc. is a solutions oriented approach will help you strengthen your bottom line by lowering your transaction costs, reducing downtime and increasing productivity. Engineered Sales have strong relationships with many world class fluid power component suppliers to provide you with the highest quality hydraulic and pneumatic components and solutions.

Buy -
FOLLOWING 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 -