Cleveland-based fluid power, power transmission and automation products distributor Applied Industrial Technologies ended 2024 in a big way, completing its acquisition of Hydradyne on Dec. 31.

Terms were not disclosed, but the deal was initially announced Nov. 22. It combines the Nos. 1 and 10 companies on MDM’s 2024 Top Distributors List for Fluid Power.

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Dallas, TX-based Hydradyne is a provider of fluid power solutions and motion control systems, including hydraulics, pneumatics, electromechanical, instrumentation, filtration and fluid conveyance. The company operates from 33 locations across Texas, Oklahoma, Louisiana, Arkansas, Mississippi, Alabama, Georgia, South Carolina, North Carolina and Florida.

Applied expects the acquisition to add around $260 million in sales and $30 million in EBITDA within the first 12 months, excluding transaction expenses and purchase accounting adjustments.

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“This transaction will enhance our leading fluid power distribution position in the U.S. by leveraging complementary technical capabilities and innovative engineered solutions across legacy and emerging end markets,” Applied President and CEO Neil Schrimsher said in a Jan. 2 news release. “Combined with various secular tailwinds and expanding customer service requirements developing across the industry, we see notable growth and operational momentum building from this transaction moving forward.”

For its fiscal 2024 that ended June 30, 2024, Applied had full-year sales of $4.5 billion that grew 1.5% annually, with organic sales up 0.4%. Full-year net profit of $386 million jumped 11.4%, while EBITDA of $553 million grew 5.5%.