Milton’s sixth acquisition in the past 30 months is a designer and manufacturer of the LTI Tools brand, according to the announcement.
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It could take until the end of 2023 to complete, after which 3M will retain a 19.9% stake.
Mike Marks and Tom Gale explore the impact of recent landmark acquisitions and how the mission of strategic deals runs counter to that of private equity.
The transaction was initially announced on Dec. 8, 2021, and Security generated approximately $1.6 billion in revenue that year.
The industrial technology manufacturing company financed the transaction through a combination of available cash and debt.
OTC Industrial Technologies has partnered with Quincy Compressors, a manufacturer of reciprocating and rotary screw air compressors.
The companies hope combined activities and product portfolios will help create a well-balanced entity and more growth in existing regions.
The acquisitions, Wholesale Sheet Metal and Pile Protections Tops, will expand Munch's geographic footprint to 71 locations.
Sandvik also reported second-quarter 2022 revenue of $2.6 billion, with a growth rate of 25% year-over-year.
The distributor has acquired Cornerstone Supply in Florida and two Intermountain Machining Supply locations in Idaho and Montana.
Rexel said the acquisition will allow it to expand its presence as a Rockwell Automation distributor in the Northeast U.S.
BC will now be a TLG partner continuing regular operations under its founders but will transition to a TLG brand as Lawless Group Midwest.
Flexpak says it will continue to use acquisitions to expand its presence throughout the Mountain West region.
The Buffalo Grove, Illinois-based distributor will acquire the building products supplier serving Southwest customers.
Valley said the acquisition will provide the company with a 30% revenue growth and expand its reaches in the U.S.
The deal will enable Continental to strengthen its Conveying Solutions business in the agricultural industry, the company said.
The merger has created a new division called AD Canada and brings 26 independent Canadian distributors with 46 locations into the AD family.
It's the 11th bolt-on deal for BradyIFS since Brady and Individual FoodService merged in 2020, and it raises the company's annual revenues to more than $1.3 billion.
Wolfpack said the deal has been in the works since early 2022 and will be an important step forward in its expansion efforts.
Romar Supply, which has nearly 100 employees, has been a wholesale distributor of mechanical and industrial PVF and steel fabrications.
