Add-on Acquisition • Manufacturing

Summit Hydraulics Acquires PowerX

On May 14, 2024, Summit Hydraulics acquired manufacturer PowerX

Acquisition Context

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.

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

Target Company

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 Overview 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 is based in Phoenix, Arizona.

Deal Context for Buyer	#
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.	Buy	-

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.

Buy

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