M&A Deal Summary

Summit Hydraulics Acquires PowerX

On May 14, 2024, Summit Hydraulics acquired manufacturer PowerX

Acquisition Highlights
  • This is Summit Hydraulics’ 2nd transaction in the Manufacturing sector.
  • This is Summit Hydraulics’ 2nd transaction in the United States.
  • This is Summit Hydraulics’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2024-05-14
Target PowerX
Sector Manufacturing
Buyer(s) Summit Hydraulics
Deal Type Add-on Acquisition

Target

PowerX

Waukesha, Wisconsin, United States
PowerX supplies hydraulic cylinders and pumps to OEMs and distributors across various end markets. PowerX is based in Waukesha, Wisconsin.

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Buyer(S) 1

Buyer

Summit Hydraulics

Phoenix, Arizona, United States
Category Company
Sector Manufacturing
DESCRIPTION

Summit Hydraulics is a designer and distributor of aftermarket hydraulic kits and components for the agricultural and construction end markets, among others. The company has built a high-growth e-commerce platform selling customized hydraulic components, kits, and solutions to industrial markets. Summit Hydraulics

DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Wisconsin) 1 of 1
Country (United States) 2 of 2
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-25 TM Hydraulics

Alvin, Texas, United States

TM Hydraulics is a supplier of hydraulic and industrial hoses and fittings serving the heavy haul, construction, energy, and general industrial markets. TM Hydraulics is based in Alvin, Texas.

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