The Timken Company Acquisitions

The Timken Company
The Timken Company's headquarters in North Canton, Ohio.

The Timken Company is a global designer, manufacturer, and marketer of Timken brand bearings, transmissions, gearboxes, chain and related products. Timken was originally established in 1899 in St. Louis, Missouri and now resides in North Canton, Ohio.

Timken typically acquires several middle-market manufacturers per year. Its largest acquisition occurred in 2003 when it bought The Torrington Company, a producer of needle roller, heavy-duty roller and ball bearings and motion control components and assemblies for $840M.

Its most significant sell-side M&A event took place in the middle of 2014, when it spun-off TimkenSteel.

Here’s the list of Timken’s acquisitions.

DateTargetSectorCountryDeal Value
2016-11-01EDT Corp.ManufacturingUnited States-
2016-07-08Lovejoy, Inc.MachineryUnited States$66M
2015-09-01Carlstar BeltsAutomotiveUnited States-
2014-11-18Revolvo Ltd.ManufacturingUnited Kingcom-
2014-04-28Schulz GroupElectrical EquipmentUnited States-
2013-05-13Hamilton Gear Ltd. (dba Standard Machine)MachineryCanada-
2013-04-12Smith Services, Inc.Electrical EquipmentUnited States-
2013-03-13Interlube Systems Ltd.ManufacturingUnited Kingdom-
2013-01-02Wazee Companies, LLCElectrical EquipmentUnited States-
2011-10-03Drives LLCManufacturingUnited States$92M
2011-07-01Philadelphia Gear Corp.MachineryUnited States$200M
2010-09-21QM Bearings and Power Transmission, Inc.ManufacturingUnited States-
2008-11-03EXTEX Ltd.AerospaceUnited States-
2008-02-22Boring Specialties Inc.Energy ServicesUnited States-
2007-10-23The Purdy Corp.AerospaceUnited States$200M
2006-12-01Turbo Engines, Inc.AerospaceUnited States-
2005-10-06Bearing Inspection, Inc.AerospaceUnited States-
2004-07-13The SES Technical GroupTest/MeasurementUnited States-
2004-05-11Alcor Engine Co., Inc.AerospaceUnited States-
2003-02-18The Torrington CompanyManufacturingUnited States$840M
1990-04-24MPB Corp.ManufacturingUnited States$185M

Legal Advisor: Jones Day

Financial Advisors: Morgan Stanley, Bank of America Merrill Lynch

Four acquisitions (Interlube, Wazee, Drives, and Philadelphia Gear) – came from PE-sponsors.

To view additional info on Timken or to look-up the acquisition histories of other manufacturers, sign-up and try PE/M&A db Mergr.