M&A Deal Summary

Applied Industrial Technologies Acquires Parts Associates

On December 21, 2012, Applied Industrial Technologies acquired distribution company Parts Associates

Acquisition Highlights
  • This is Applied Industrial Technologies’ 21st transaction in the Distribution sector.
  • This is Applied Industrial Technologies’ 13th transaction in the United States.
  • This is Applied Industrial Technologies’ 4th transaction in Ohio.

M&A Deal Summary
Date 2012-12-21
Target Parts Associates
Sector Distribution
Buyer(s) Applied Industrial Technologies
Deal Type Add-on Acquisition

Target

Parts Associates

Parma, Ohio, United States
Parts Associates, Inc. is a distributor of maintenance supplies and solutions, including fasteners, fluid flow, paints and chemicals, electrical and shop supplies, and related assortments, headquartered in Parma, Ohio.

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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 21 of 42
Sector (Distribution) 21 of 36
Type (Add-on Acquisition) 21 of 41
State (Ohio) 4 of 7
Country (United States) 13 of 31
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 HyQuip

Waukesha, Wisconsin, United States

HyQuip LLC is a distributor of hydraulic, rubber and plastic industrial hose and tubing, plus related accessories.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-02 Texas Oilpatch Services

Houston, Texas, United States

Texas Oilpatch Services Corp. is a distributor of bearings, oil seals, power transmission products, and related replacement parts to the oilfield industry.

Buy -
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