Solve Acquires Bearings Limited

Solve Industrial Motion Group acquired Bearings Limited, a manufacturer of bearings and power transmission components under the Tritan brand.
Solve names new chief information officer

Solve Industrial Motion Group, a Charlotte, North Carolina-based portfolio company of Audax Private Equity, has acquired Bearings Limited, a leading manufacturer of bearings and power transmission components under the Tritan brand.

Headquartered in Hauppauge, New York, Bearings Limited has an extensive offering of more than 25,000 Tritan products and services customers from six regional locations, including Los Angeles; Chicago; Houston; Atlanta; Columbus, Ohio; and Hauppauge, Solve said.

“We are excited to grow our platform of Solve brands,” Solve CEO Lisa Mitchell said. “Bearings Limited and the Tritan line are a natural fit in terms of manufacturing and commercial operations that also share our focus on providing superior customer service.”

Mark Magray, senior vice president at Bearings Limited, said, “We are proud of the company that our family has built over the years. Today is a turning point for us and we are excited to begin our next chapter as a member of the Solve family. We believe the partnership will be a win-win opportunity for our dedicated employees, customers, dealers, and distributors.”

Audax acquired Solve in July.

Related Posts

  • Mergers and acquisitions among industrial distributors and manufacturers rebounded in December after slowing down in the latter half of November.

    The Pennsylvania manufacturer of electronic instruments and electromechanical devices acquired a provider of gas and…

  • On July 19, Lohr am Main, Germany-based mobile and industrial hydraulics manufacturer Bosch Rexroth, a subsidiary of Bosch, announced the acquisition of fluid power distributor HydraForce.

    Southwire says the deal will serve as a “foundational element” for the development of digital…

  • Distributor of foodservice disposables and janitorial and sanitation products has acquired Millennium Packaging & Distribution.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.