M&A Deal Summary

Timken Acquires Philadelphia Gear

On May 27, 2011, Timken acquired machinery company Philadelphia Gear from Wind River Holdings for 200M USD

Acquisition Highlights
  • This is Timken’s 1st transaction in the Machinery sector.
  • This is Timken’s 5th largest (disclosed) transaction.
  • This is Timken’s 11th transaction in the United States.
  • This is Timken’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2011-05-27
Target Philadelphia Gear
Sector Machinery
Buyer(s) Timken
Sellers(s) Wind River Holdings
Deal Type Add-on Acquisition
Deal Value 200M USD

Target

Philadelphia Gear

King of Prussia, Pennsylvania, United States
Philadelphia Gear is a global manufacturer and service provider of gear drives, drive components, inspection and repair services, as well as on-site technical services.

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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 11 of 40
Sector (Machinery) 1 of 11
Type (Add-on Acquisition) 11 of 35
State (Pennsylvania) 1 of 1
Country (United States) 11 of 28
Year (2011) 1 of 2
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-19 QM Bearings and Power Transmission

Ferndale, Washington, United States

QM Bearings and Power Transmission, Inc. is a manufacturer of spherical steel housed units and elastomeric couplings for industrial applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-31 Drives

Fulton, Illinois, United States

Drives is a manufacturer of ANSI precision roller chain, pintle chain, agricultural conveyor chain, engineering class chain, oil field roller chain and auger products, serving markets around the world. Drives LLC was formed in 1959 and is based in Fulton, Illinois.

Buy $92M

Seller(S) 1

SELLER

Wind River Holdings

King of Prussia, Pennsylvania, United States

Investor Investor Investor Investor


Category Private Equity Firm
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Wind River Holdings is a private holding group that acquires businesses in a range of industries. Wind River focuses on middle-markett company with sales up to $100 million, strong management teams, a recognized brand, and opportunities for growth. Wind River Holdings was formerly known as The AMC Group and is based in King of Prussia, Pennsylvania.


DEAL STATS #
Overall 4 of 6
Sector (Machinery) 1 of 2
Type (Add-on Acquisition) 3 of 4
State (Pennsylvania) 2 of 4
Country (United States) 4 of 6
Year (2011) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-01 Philadelphia Gear

King of Prussia, Pennsylvania, United States

Philadelphia Gear is a global manufacturer and service provider of gear drives, drive components, inspection and repair services, as well as on-site technical services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-28 Philadelphia Mixing Solutions

Palmyra, Pennsylvania, United States

Philadelphia Mixing Solutions is a provider in the designing and manufacturing of agitation and aeration equipment. The company operates the most comprehensive technical laboratories dedicated to agitation and aeration process optimization. Its offerings include chemical processing, biological and industrial wastewater treatment, tank storage, mineral processing, food, water treatment, and other fluid mixing applications. Philadelphia Mixing Solutions was formed in 1957 and is based in Palmyra, Pennsylvania.

Sell $65M