Timken's latest M&A deal comes just two days after the company reached an agreement to acquire Nadella Group.
Latest In Mergers & Acquisitions
Schultes serves the hydraulic, aerospace, communication, food services, medical device and dental industries.
As a primer to MDM's Feb. 22-23 Virtual M&A Summit, we chat with MSC Industrial Supply leaders Erik Gershwind and Jim Drohan about the company's recently aggressive M&A strategy.
The pace of M&A activity accelerated in January, as industrial distributors and manufacturers reported four-dozen deals to start the year.
Timken has agreed to acquire Nadella Group, a manufacturer of motion technology based in Italy.
Merger plans were first announced in May 2022, and the combined business will be known as Kito Crosby.
Mid-State Bolt & Nut will be known as a "division of Field" moving forward, the company said.
Since the start of 2021, France-based Rexel has acquired approximately $1.85 billion of sales via 10 transactions.
SRS has acquired Marsh and its eight locations in Ohio and Kentucky.
Flow Control Holdings, a portfolio company of Audax Private Equity, is expanding into Canada with its acquisition of Andron Stainless.
Zesco specializes in the drives, motion control and automation industry and serves customers in Ohio, Pennsylvania and West Virginia.
The acquisitions include Winston-Salem, North Carolina-based P-F Plumbing and Murfreesboro, Tennessee-based Precision Air.
Backed by Clearlake Capital Group, FloWorks made an acquisition this past August.
After making 10 acquisitions in 2022, FleetPride has acquired the assets of a Florida-based truck shop for its first move of 2023.
The company said it will focus on four main areas for growth: fire extinguishers, fire suppression, fire alarms and security.
Royal is a distributor of paper, plastics, cleaning and safety equipment in janitorial, sanitary and foodservice applications.
In total, these divisions and their subsidiaries currently operate 42 locations in 12 states, according to a news release.
Mill Steel will assume processing and supply for CME's manufacturing, automotive and construction industry customers.
Get a recap of last year's deals and read insights into what 2023 may hold regarding the pace of dealmaking activity.
Kirby-Smith will sell, service and rent Thompson Pump products in Oklahoma and Texas as part of the deal.
