M&A Deal Summary

Bridgestone HosePower Acquires Cline

On January 11, 2024, Bridgestone HosePower acquired business services company Cline

Acquisition Highlights
  • This is Bridgestone HosePower’s 1st transaction in the Business Services sector.
  • This is Bridgestone HosePower’s 2nd transaction in the United States.
  • This is Bridgestone HosePower’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2024-01-11
Target Cline
Sector Business Services
Buyer(s) Bridgestone HosePower
Deal Type Add-on Acquisition

Target

Cline

Greenville, South Carolina, United States
Cline is a family-owned business offering industrial hose and hydraulics distribution, and OEM fabrication. The company also repairs hydraulic system components and power units, both in the state-of-the-art technical center and its location. Cline was formed in 1948 and is based in Greenville, South Carolina.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Bridgestone HosePower

Orange Park, Florida, United States
Category Company
Sector Retail
DESCRIPTION

Bridgestone HosePower, LLC is a hose sales and service company offers hydraulic and industrial hoses, hose assemblies and mobile hose services to customers, and has 40 branch locations in the United States and one location in Mexico. Bridgestone HosePower is a wholly owned indirect subsidiary of Bridgestone Corporation.

DEAL STATS #
Overall 3 of 3
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (South Carolina) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-31 Industrial Rubber

Bathurst, New Brunswick, Canada

Industrial Rubber Co. is a distributor of hydraulic and industrial hose, fittings and related accessories. The company has two locations located in Elizabeth and Bridgewater, New Jersey.

Buy -
Mergr

Product

Company

Legal