M&A Deal Summary

Solve Industrial Motion Group Acquires IPTCI Bearings

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2018-11-06
Target IPTCI Bearings
Sector Electrical Equipment
Buyer(s) Solve Industrial Motion Group
Deal Type Add-on Acquisition

Target

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(S) 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 STATS #
Overall 2 of 3
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Minnesota) 1 of 1
Country (United States) 2 of 3
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.

Buy -
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.

Buy -
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