M&A Deal Summary

Miller Industries Acquires Southern Hydraulic Cylinder

On May 31, 2023, Miller Industries acquired manufacturer Southern Hydraulic Cylinder for 18M USD

Acquisition Highlights
  • This is Miller Industries’ 1st transaction in the Manufacturing sector.
  • This is Miller Industries’ largest (disclosed) transaction.
  • This is Miller Industries’ 3rd transaction in the United States.
  • This is Miller Industries’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2023-05-31
Target Southern Hydraulic Cylinder
Sector Manufacturing
Buyer(s) Miller Industries
Deal Type Add-on Acquisition
Deal Value 18M USD

Target

Southern Hydraulic Cylinder

Athens, Tennessee, United States
Southern Hydraulic Cylinder specializes in the manufacture and supply of custom-built, welded hydraulic cylinders for a variety of industries. Southern Hydraulic Cylinder was founded in 1989 and is based in Athens, Tennessee.

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Buyer(S) 1

Buyer

Miller Industries

Ooltewah, Tennessee, United States
Category Company
Founded 1994
Sector Manufacturing
Employees890
Revenue 492M USD (2014)
DESCRIPTION

Miller Industries, Inc. is an independent distributor in Florida for industrial MRO products, including bearings, power transmission products, fluid power, electrical and automation components, as well as safety and industrial supplies.

DEAL STATS #
Overall 3 of 3
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Tennessee) 1 of 1
Country (United States) 3 of 3
Year (2023) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-12-11 Chevron

Mercer, Pennsylvania, United States

Chevron, Inc. is a manufacturer of towing and recovery equipment.

Buy $10M
Mergr

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