M&A Deal Summary

Timken Acquires The Schulz Group

On April 28, 2014, Timken acquired electrical equipment company The Schulz Group

Acquisition Highlights
  • This is Timken’s 3rd transaction in the Electrical Equipment sector.
  • This is Timken’s 15th transaction in the United States.
  • This is Timken’s 3rd transaction in Connecticut.

M&A Deal Summary
Date 2014-04-28
Target The Schulz Group
Sector Electrical Equipment
Buyer(s) Timken
Deal Type Add-on Acquisition

Target

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.

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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 17 of 40
Sector (Electrical Equipment) 3 of 3
Type (Add-on Acquisition) 17 of 35
State (Connecticut) 3 of 3
Country (United States) 15 of 28
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-13 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-30 Metallus

Canton, Ohio, United States

Metallus is a manufacturer of SBQ steel large bars (6-inch diameter and greater) and seamless mechanical tubing in North America. Metallus was founded in 2013 and is based in Canton, Ohio.

Sell -
Mergr

Product

Company

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