M&A Deal Summary

Timken Acquires Hamilton Gear

On May 13, 2013, Timken acquired machinery company Hamilton Gear

Acquisition Highlights
  • This is Timken’s 2nd transaction in the Machinery sector.
  • This is Timken’s 1st transaction in Canada.
  • This is Timken’s 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2013-05-13
Target Hamilton Gear
Sector Machinery
Buyer(s) Timken
Deal Type Add-on Acquisition

Target

Hamilton Gear

Saskatoon, Saskatchewan, Canada
Standard Machine provides new gearboxes, gearbox service and repair, open gearing, large fabrication, machining and field technical services to end‑users in Canada and the western United States. Standard Machine serves a wide variety of industrial sectors including mining, oil and gas, pulp and paper.

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Buyer(S) 1

Buyer

Timken

North Canton, Ohio, United States
Category Company
Founded 1899
Sector Machinery
Employees19,000
Revenue 4.8B USD (2023)
DESCRIPTION
Entrance to Timken's corporate headquarters in North Canton, Ohio.
Entrance to Timken's corporate headquarters in North Canton, Ohio.

Timken designs, engineers, manufactures and markets Timken bearings, transmissions, gearboxes, chain and related products, and offers a spectrum of power system rebuild and repair services around the world. Timken was founded in 1899 and is based in North Canton, Ohio.

DEAL STATS #
Overall 16 of 40
Sector (Machinery) 2 of 11
Type (Add-on Acquisition) 16 of 35
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 2
Year (2013) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-12 Smith Services

Princeton, West Virginia, United States

Smith Services, Inc. is a regionally focused provider of electric motor rewind and repair. The company operates from an 180,000 square foot facility. Smith repairs and rewinds electric motors in the 200 to 3,500 horsepower range and conducts on-site diagnostic assessments and repairs. Smith Services also performs other mechanical equipment repairs, primarily relating to pumps, fan and blowers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-28 The Schulz Group

New Haven, Connecticut, United States

The Schulz Group provides electric motor repairs, electric motor rewinds, custom controls and panels, systems integration, pump services, machine rebuilds, hydro services, safety-related services, energy efficiency solutions, and diagnostic services for commercial and industrial applications from locations in the Northeast United States.

Buy -
Mergr

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