Add-on Acquisition • Electrical Equipment

Solve Industrial Motion Group Acquires IPTCI Bearings

On November 6, 2018, Solve Industrial Motion Group acquired electrical equipment company IPTCI Bearings

Acquisition Context
  • This is Solve Industrial Motion Group’s 1st transaction in the Electrical Equipment sector.
  • This is Solve Industrial Motion Group’s 2nd transaction in the United States.
  • This is Solve Industrial Motion Group’s 1st transaction in Minnesota.

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M&A Deal Summary

Date November 6, 2018
Target IPTCI Bearings
Sector Electrical Equipment
Buyer(s) Solve Industrial Motion Group
Deal Type Add-on Acquisition

Target Company

IPTCI Bearings

Chanhassen, Minnesota, United States
IPTCI Bearings specializes in the supply of mounted ball bearings to the industrial, agricultural and food and beverage industries. The Company has a trusted brand name in the industry, serving the North American market for over 45 years.
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Buyer Overview 1

Buyer

Solve Industrial Motion Group

Charlotte, North Carolina, United States

Category Company
Founded 1994
Sector Manufacturing
DESCRIPTION

Solve Industrial Motion Group is a provider of metric and American standard power transmission products including ball bearings, mounted bearings, linear bearings, bearing housings and a variety of roller chain and belt drive components. Solve Industrial Motion Group was founded in 1994 and is based in Charlotte, North Carolina.


Deal Context for Buyer #
Overall 2 of 7
Sector: Electrical Equipment 1 of 1
Type: Add-on Acquisition 2 of 7
State: Minnesota 1 of 1
Country: United States 2 of 7
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-14 LMS Bearings

Lafayette, Colorado, United States

LMS Bearings, Inc. is a manufacturer of high-quality power transmission products. LMS provides a wide range of bearings and related products to a diverse customer base primarily located throughout the Western U.S. The company was founded in 1996 and is headquartered in Lafayette, Colorado.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 Bearings

Hauppauge, New York, United States

Bearings is a manufacturer of bearings and power transmission components under the Tritan brand. Bearings manufactures Tritan Power Transmission Products. Bearings Limited operates out of six regional stocking locations and reaches end-users through an expansive distribution partner network with over 3,000 locations. Bearings was founded in 1947 and is based in Hauppauge, New York.

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