The Timken Company Acquires Engineered Solutions Group (iMECH)

October 16, 2023

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.

Buyers
The Timken Company
Targets
Engineered Solutions Group (iMECH)
Industry
Manufacturing
Location
Texas, United States
Transaction Type
Buyout

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