Sales growth at Motion Industries narrowly outpaced that of 2Q, with organic sales driving the majority of it, alongside a continued boost from Kaman Distribution Group.
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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.
In May, the packaging and jan/san distributor notched its 50th acquisition under current leadership. Weeks earlier, private equity firm Advent International agreed to acquire a large stake in the company.
Kaman announced it will acquire Parker’s aircraft wheel & brake division for $440 million.
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Motion Industries President Randy Breaux shares details on how the deal came together, synergies and future growth opportunity in this deeper dive into the $1.3-billion transformative acquisition combining the No. 1 and No. 3 power transmission/motion controls distributors in North America.
Owens & Minor agreed to acquire Apria for an equity value of about $1.45 billion, just one week after Motion Industries completed its $1.3-billion purchase of Kaman Distribution Group.
GPC last month agreed to acquire Kaman Distribution Group under GPC’s wholly-owned subsidiary, Motion Industries, Inc.
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'Highly synergistic' acquisition valued at $1.3 billion, according to Genuine Parts Company.
