secwatch.observer — SEC 8-K summary
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Issuer:     APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK:        0000109563
Form:       8-K
Filed at:   2025-01-02T23:59:59+00:00
Accession:  0000109563-25-000003
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Industrial completes $273M acquisition of Hydradyne, LLC
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- Completed acquisition of Hydradyne on Dec 31, 2024 for approx. $273M in cash, subject to post-closing adjustments.
- Hydradyne is a fluid power solutions provider with locations across the Southeastern U.S.
- Expected to contribute ~$260M in sales and ~$30M in EBITDA within first 12 months before synergies; accretive to EPS.
- Enhances Applied's fluid power distribution position with complementary technical capabilities.
- Further EPS accretion guidance to be provided with fiscal 2025 Q2 results later this month.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109563/000010956325000003/0000109563-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109563/000010956325000003/ait-20241231.htm
  HTML page:      https://secwatch.observer/filing/0000109563-25-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer