August 2015 M&A Roundup: Brisk Activity in PT/Bearings Sector - Modern Distribution Management

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August 2015 M&A Roundup: Brisk Activity in PT/Bearings Sector

Motion Industries, Applied Industrial and OTP Industrial Solutions bolster portfolios.

While August lacked the big-dollar deals that July delivered, M&A was rampant last month among power transmission and bearing distributors.

Motion Industries – No. 6 on MDM’s 2015 list of the top 40 industrial distributorsand No. 1 on the list of the top 10 power transmission & bearings distributors– agreed to acquire abrasives distributor Lake Erie Abrasive & Tool, Euclid, OH. The purchase will help Birmingham, AL-based Motion Industries, a subsidiary of Genuine Parts Co., Atlanta, GA, broaden its services in the abrasives category.

Applied Industrial Technologies – No. 11 on the industrial list and No. 2 on the power transmission & bearings list – acquired Atlantic Fasteners, a distributor of C-Class consumables in Agawam, MA.

Ohio Transmission Corp., Columbus, OH, acquired Buckeye Pumps Inc., Galion, OH, a provider of engineered process system and pump solutions for customers in industrial and municipal markets.

Buckeye Pumps will operate as a division of OTP Industrial Solutions, a division of Ohio Transmission Corp. and No. 38 among industrial companies and No. 7 among power transmission & bearings distributors.

Here are other key deals that occurred in August 2015:

Bunzl Acquires 4 Companies

Ferguson Fire & Fabrication Makes Acquisition

Stellar Industrial Supply to Acquire Graffams Industrial Supplies

Precision Castparts to Be Acquired by Berkshire Hathaway

Schlumberger to Acquire Cameron


NN Agrees to Acquire Precision Engineered Products

Motion Solutions Acquires Specialty Motions

Johnson Electric to Acquire Stackpole

NOW Inc. Agrees to Acquire Challenger Industries

Lincoln Electric Acquires Specialised Welding Products

Ryerson Acquires Southern Tool Steel

Electrical Equipment Company to Acquire Williams Supply

Building Materials Corp. Acquires Quest Construction Products

Pentair to Acquire ERICO

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