S.G. Morris has sold to Applied Industrial Technologies, Inc.
S.G. Morris Company has been acquired by Applied Industrial Technologies, Inc., the Cleveland, Ohio-based industry leader in industrial products distribution throughout the U.S., Canada, Mexico, Australia, and New Zealand. EdgePoint served as the exclusive financial advisor to S.G. Morris Company. Terms of the transaction were not disclosed.
Since 1932, S.G. Morris has been a leading, value-added distributor of fluid power products to various commercial and industrial markets throughout the Midwest. A former employee-owned business, S.G. Morris also provides custom engineered fluid power systems.
Headquartered in Cleveland, Ohio, Applied Industrial Technologies, Inc. is a worldwide leader in industrial distribution with more than 5,800 employees across the globe.
EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.