The Timken Company Acquires GGB from EnPro for $305 Million

Timken Acquires American Roller Bearing Company

February 1, 2023

Manufacturing

The Timken Company has acquired the assets of American Roller Bearing Company (ARB), a North Carolina-based manufacturer of industrial bearings that generated more than $30 million in sales in 2022. The asset purchase brings ARB's installed base, aftermarket business and two manufacturing facilities in Hiddenite and Morganton, North Carolina into Timken; the Succop family, which founded and owned ARB, sold the business.

The Timken Company Acquires CGI, Inc.

August 5, 2024

Manufacturing

The Timken Company has completed its acquisition of CGI, Inc., a family-owned Nevada manufacturer of precision drive systems that serves automation markets with a concentration in medical robotics. CGI employs roughly 130 people and is expected to generate about $45 million in sales in 2024; the acquisition expands Timken's precision motion-control portfolio and capabilities.

The Timken Company Acquires Engineered Solutions Group (iMECH)

October 16, 2023

Manufacturing

The Timken Company has agreed to acquire Engineered Solutions Group (also known as Innovative Mechanical Solutions or iMECH), a Houston-based manufacturer of thrust and radial bearings, specialty coatings and other components serving the energy industry. iMECH employs approximately 70 people and projects about $30 million in revenue for 2023; Timken will fund the purchase with cash on hand and its existing revolving credit facility and expects the deal to close in the fourth quarter.

Turnspire Capital Partners / Infinity Engineered Products Acquires Goodyear Air Springs from EnPro Industries

August 4, 2020

Manufacturing

Turnspire Capital Partners, through its newly formed platform Infinity Engineered Products, has acquired the Goodyear Air Springs business (also referenced as the STEMCO Air Springs business) from EnPro Industries. The transaction ( ~$39.5 million per seller filing) transfers the global brand license, manufacturing facilities, IP, R&D center in Fairlawn, Ohio, and personnel to the Turnspire affiliate as the first acquisition for the Infinity platform.

EnPro Industries Acquires NxEdge from Trive Capital

November 5, 2021

Manufacturing

EnPro Industries agreed to acquire NxEdge, an advanced manufacturing, cleaning, coating, and refurbishment business serving the semiconductor value chain, from private equity owner Trive Capital. NxEdge — based in Boise, Idaho with six facilities in Idaho and California and a strong aftermarket/recurring-revenue business — will join EnPro's Advanced Surface Technologies segment to expand capabilities and customer reach in semiconductors and related end markets.

Kohlberg & Company Acquires Majority Stake in EN Engineering from General Atlantic

July 18, 2019

Infrastructure

Kohlberg & Company has signed a definitive agreement to acquire a majority stake in EN Engineering from growth equity firm General Atlantic. EN Engineering, headquartered in Warrenville, Illinois, is a utility services and engineering firm with over 1,500 professionals serving gas, electric, pipeline and industrial customers; Kohlberg cited its infrastructure services experience to support the company's next phase of growth and geographic expansion.