立石为美国领先的橡胶软管、条带、切割和模压制品以及工业消费品制造商Apache Inc 出售予GPC 的子公司Motion Industries Inc 提供咨询

  • 10月 2017
  • 工业领域
  • M&A:卖方咨询
  • 美国
Apache, industrial consumer products, Motion Industries conveyor belt image

Livingstone’s Industrial sector team has advised the shareholders of Apache Hose and Belting Company, Inc., the national market leader in the fabrication of hose, belting, cut and molded rubber, and industrial consumer products, on its sale to Motion Industries, Inc., a wholly-owned subsidiary of NYSE-listed Genuine Parts Company.

Apache, founded in 1963 and headquartered in Cedar Rapids, Iowa, has grown to become one of the largest, most well-respected rubber products providers in North America, offering high-quality hose, conveyor belting, cut and molded products as well as custom fabrication and onsite belting services. Apache serves both the industrial and agricultural markets from seven sales and production locations in the United States and its established distribution network.

Motion is a $4.6 billion leading industrial parts distributor of bearings, mechanical power transmissions, electrical and industrial automation, hydraulic and industrial hose, hydraulic and pneumatic components, industrial products, safety products, and material handling.

Apache, a 100% employee-owned company, engaged Livingstone to run a sale process to identify and secure a transaction with the best strategic partner to further support its long-term growth strategies, customers, suppliers, and employees. Tom Pientok, Apache’s President and CEO commented: “From our first interaction with the Livingstone team, they demonstrated a unique awareness and understanding of Apache’s goals and objectives. The senior bankers crafted a tailored transaction process and managed it every step of the way, yielding an outstanding result for all of our stakeholders. We have had a great relationship with the Motion team for many years and this step is really a continuation of our growth strategy.”

Partner Andrew Bozzelli, comments: “The Company has differentiated itself in the market by specializing in highly value-added products and services. It was a pleasure representing the Apache team on this transaction, and we are excited for their future with Motion. Apache represents another successful distribution transaction for the firm in the past several months, after also completing the sale of AeroVision to LKQ and Tecnopacking to Bunzl.”

Partner Andrew Isgrig, commented: “This transaction is an excellent example of our team’s ability to achieve exceptional outcomes for our clients by crafting and executing tailored processes focused on the specific goals and objectives of our clients. The Apache transaction is the 53rd transaction closed by Livingstone in 2017.”


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