M&A Deal Summary

Jenkins Electric Acquires Wheeler Bearing

On October 5, 2022, Jenkins Electric acquired manufacturer Wheeler Bearing

Acquisition Highlights
  • This is Jenkins Electric’s 1st transaction in the Manufacturing sector.
  • This is Jenkins Electric’s 2nd transaction in the United States.
  • This is Jenkins Electric’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2022-10-05
Target Wheeler Bearing
Sector Manufacturing
Buyer(s) Jenkins Electric
Deal Type Add-on Acquisition

Target

Wheeler Bearing

North Charleston, South Carolina, United States
Wheeler Bearing is a sleeve and fluid film bearing manufacturer that has manufactured and repaired industrial babbitt, bronze, and aluminum bearings, oil rings, and deflectors. Wheeler Bearing was founded in 1919 and is based in North Charleston, South Carolina.

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Buyer(S) 1

Buyer

Jenkins Electric

Charlotte, North Carolina, United States
Category Company
Founded 1907
Sector Machinery
DESCRIPTION

Jenkins Electric Co. is a manufacturer of electrical equipment parts and repair, testing service and new hoists and hoist parts for manufacturers.

DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (South Carolina) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-30 Nexjen Systems

Charlotte, North Carolina, United States

Nexjen Systems LLC is a full service system integrator that specializes in the design and fabrication of custom test, measurement and automation systems.

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