M&A Deal Summary

Applied Industrial Technologies Acquires Rafael Benitez Carrillo

On October 12, 1998, Applied Industrial Technologies acquired distribution company Rafael Benitez Carrillo

Acquisition Highlights
  • This is Applied Industrial Technologies’ 6th transaction in the Distribution sector.
  • This is Applied Industrial Technologies’ 1st transaction in Puerto Rico.

M&A Deal Summary

Date 1998-10-12
Target Rafael Benitez Carrillo
Sector Distribution
Buyer(s) Applied Industrial Technologies
Deal Type Add-on Acquisition

Target

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.

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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 6 of 42
Sector: Distribution M&A 6 of 36
Type: Add-on Acquisition M&A Deals 6 of 41
Country: Puerto Rico M&A 1 of 1
Year: 1998 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-02-18 Invetech Co.

Detroit, Michigan, United States

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

Buy $83M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-04 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.

Buy -