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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