The company refinanced its debt with a Senior Secured Term Loan B, securing $105 million to support future growth initiatives.
Latest In Motion and Flow Control Products
The company enhanced its service capabilities in Wisconsin and expanded its network of Parker Stores with the acquisition.
The Filter Shop is a Nebraska-based air filter distribution company that serves customers in the U.S. Midwest.
The report reveals advancements in sustainability reflecting the company’s commitment to its business values.
Canada-based Ficodis expands its Northeastern U.S. footprint with the acquisition of Berliss Bearing Company.
Gryphon Investors closed its continuation vehicle to infuse new capital into Minneapolis-based distributor Vessco Water.
Company founder David Patterson will become Executive Chair, while Raymond Aronoff will take over as President and CEO.
The distributor’s full-year total sales increased 1.5% year-over-year, while 4Q sales remained flat.
Parker Hannifin’s divestiture of several businesses in the past three years totals nearly $450 million in annual sales.
The deal will complement CNC’s flow control valve products in energy and industrial applications and deliver new end-market verticals.
The acquisition broadens AHP's range of products and will help the industrial distributor better penetrate the power generation markets.
Following close of ILC Dover, flow creation and industrial product maker Ingersoll Rand acquired three manufacturers for about $150 million combined.
Hydraulic and pneumatic fitting distributor Brennan has established a local presence in Mexico to align with customer operations.
Tencarva gains a West Virginia-based distributor of specialized thermal coating services and related parts.
Hydraquip brings over four decades of experience in fluid power solutions to the cooperative.
James Michaud will succeed Michael Leach as the precision and specialty motion, controls and power manufacturer's CFO.
The distributor has expanded branch capabilities in gasket sealing and fabrication, material handling and industrial hose supply.
Allied designs, makes and services industrial control panels, electro-mechanical assemblies, robotic automation and integrated solutions.
Gross margin had a modest annual improvement, while EBITDA shrunk.
Irvine, CA-based Dynamic Solutions will strengthen Valin's robust motion control and automation product portfolio.
