---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-066846"
form_type: "8-K"
ticker: "MLR"
cik: "0000924822"
company_name: "MILLER INDUSTRIES INC /TN/"
filed_at: "2023-06-01T23:59:59+00:00"
generated_at: "2026-06-14T10:06:11.894500+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Miller Industries acquires Southern Hydraulic Cylinder for ~$17.5M

## Summary
- Asset purchase of custom hydraulic cylinder manufacturer for approx. $17.5M, subject to cash and working capital adjustments.
- Acquisition financed via cash on hand and existing credit facility; $1.7M placed in escrow for indemnification.
- Expected to be accretive within first year and improve supply chain stability for hydraulic components.
- CEO William G. Miller, II says acquisition is immaterial to consolidated results but improves sourcing flexibility and backlog execution.

## SEC filing metadata
- accession: 0001104659-23-066846
- form_type: 8-K
- ticker: MLR
- cik: 0000924822
- company_name: MILLER INDUSTRIES INC /TN/
- filed_at: 2023-06-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/924822/000110465923066846/0001104659-23-066846-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/924822/000110465923066846/tm2317443d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-066846
- JSON: https://secwatch.observer/filing/0001104659-23-066846.json
- Plain text: https://secwatch.observer/filing/0001104659-23-066846.txt

## Key facts
- Material Agreements
  MILLER INDUSTRIES INC /TN/ entered into Purchase Agreement with Southern Hydraulic Cylinder, Inc. and its owners valued at approximately $17.5 million (effective 2023-05-31).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Southern Hydraulic Cylinder, Inc. and its owners
  - Value: approximately $17.5 million
  - Effective: 2023-05-31
  source text: On May 31, 2023, Miller Industries, Inc., a Tennessee corporation (the “Company”), and VAC, Inc., a Tennessee corporation and a wholly owned subsidiary of the Company (“Buyer”), entered into an Asset Purchase Agreement (the “Purchase Agreement”) with Southern Hydraulic Cylinder, Inc., a Tennessee corporation (“Southern Hydraulic Cylinder”), and its owners.
  evidence_url: https://www.sec.gov/Archives/edgar/data/924822/000110465923066846/0001104659-23-066846-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.