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2014 Top 40 Industrial Distributors

10. Applied Industrial Technologies – Top Industrial Distributors

Company Profile

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Headquarters: Cleveland, OH
2013 Revenues: $2.5 billion 
Change in Sales from 2012: 4%
Employees: 5,122
Locations: 521
2013 Acquisitions: Texas Oilpatch Services, Houston, TX
Key Executives: Neil Schrimsher, president & CEO; Carl Will, Chief Commercial Officer; Thomas Armold, vice president, marketing and strategic accounts; Todd Barlett, vice president, acquisitions and global business development; Fred Bauer, vice president, general counsel & secretary; Mark Eisele, vice president, CFO and treasurer; Jody Chabowski, assistant controller

In December 2013, Applied closed on the purchase of Texas Oilpatch Services Corp. of Houston, TX. TOPS is a distributor of bearings, oil seals, power transmission products and related replacement parts to the oilfield industry.  The acquisition continued a focus on expanding in the oil and gas end-market. In 2014, the distributor has acquired Reliance Industrial Products and Knox Oil Field Supply, both focused on energy markets. “Their strong oil and gas industry knowledge, experience and market presence will enhance our product and service offering in this growing energy sector," said Neil Schrimsher, president and CEO of Applied after the distributor’s latest acquisition. "Combined with our recent acquisitions of Reliance Industrial Products and Texas Oilpatch Services, the addition of Knox will further bolster our position within the area of oilfield supplies and build on our upstream oil and gas capabilities.”

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