M&A Deal Summary

Motion Industries Acquires Lake Erie Abrasive & Tool

On August 24, 2015, Motion Industries acquired distribution company Lake Erie Abrasive & Tool

Acquisition Highlights
  • This is Motion Industries’ 5th transaction in the Distribution sector.
  • This is Motion Industries’ 7th transaction in the United States.
  • This is Motion Industries’ 2nd transaction in Ohio.

M&A Deal Summary

Date 2015-08-24
Target Lake Erie Abrasive & Tool
Sector Distribution
Buyer(s) Motion Industries
Deal Type Add-on Acquisition
Advisor(s) EdgePoint Capital Advisors (Financial)

Target

Lake Erie Abrasive & Tool

Euclid, Ohio, United States
Lake Erie Abrasive & Tool, Inc. is a distributor of quality abrasive products, tools and related machinery.

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Buyer(S) 1

Buyer

Motion Industries

Birmingham, Alabama, United States

Category Company
Founded 1946
Sector Distribution
Revenue 4.6B USD (2015)
DESCRIPTION
Motion Industries' corporate headquarters in Birmingham, Alabama.
Motion Industries' corporate headquarters in Birmingham, Alabama.

Motion Industries is an industrial parts distributor of bearings, mechanical power transmission, electrical and industrial automation, hydraulic and industrial hose, hydraulic and pneumatic components, industrial products, safety products, and material handling. Motion Industries has over 550 operations including 15 distribution centers throughout North America and serves more than 150,000 customers from the food and beverage, pulp and paper, iron and steel, chemical, mining and aggregate, petrochemical, automotive, wood and lumber, and pharmaceutical industries. Motion Industries was formed in 1946 and is based in Birmingham, Alabama.


DEAL STATS #
Overall 8 of 17
Sector (Distribution) 5 of 14
Type (Add-on Acquisition) 8 of 17
State (Ohio) 2 of 2
Country (United States) 7 of 16
Year (2015) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-14 Miller Industries

Ooltewah, Tennessee, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 Moss Rubber and Equipment

South San Francisco, California, United States

Moss Rubber and Equipment Corp. is a supplier of quality industrial rubber products. Moss specializes in hose and rubber products for the petroleum, construction, mining, manufacturing, transportation and agricultural industries.

Buy -