Solve Industrial Motion Group LLC
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Solve Industrial Motion Group LLC - overview
Established
1994
Location
Charlotte, NC, US
Primary Industry
Industrial Machinery
About
Founded in 1994 and based in North Carolina, US, Solve Industrial Motion Group, fka P. T. International Corporation, aka Solve IMG, distributes European metric and American standard industrial power transmission products. In July 2021, Audax Group acquired a controlling stake in Solve Industrial Motion Group from Incline Equity Partners.
Financial terms of the transaction were not disclosed. The company provides a line of products including standard bearings, corrosion-resistant bearings, stand-off bearings, IP69K bearings, mounted bearings, rod ends, radial ball bearings, sprockets, shaft attachments, belt drive components, chains, accessories, and winkel components. Solve Industrial offers its products under brands including P. T.
International, IPTCI Bearings, and LMS Bearings. The firm serves industries such as agriculture, aggregate, air handling, automotive manufacturing, baggage handling, car washing, mining, and more.
Current Investors
Audax Private Equity
Primary Industry
Industrial Machinery
Sub Industries
Industrial Machinery, Industrial Wholesalers
Website
www.solveindustrial.com/
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Solve Industrial Motion Group LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | D&D Global, Inc. | - | ||||||||
| Add-on | Completed | Miller Bearing Company, Inc. | - | ||||||||
| Add-on | Completed | B&B Manufacturing, Inc. | - | ||||||||
| Add-on | Completed | Power Rite Products | - | ||||||||
| Add-on | Completed | MasterDrive | - |
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