secwatch.observer — SEC 8-K summary
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Issuer:     APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK:        0000109563
Form:       8-K
Filed at:   2024-11-22T23:59:59+00:00
Accession:  0001193125-24-263833
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Industrial Technologies to acquire Hydradyne for $272M in cash, accretive to EPS
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- Deal value $272M; expected close in Q4 2024; funded from cash on hand.
- Hydradyne has ~500 employees, 33 locations in SE US, fluid power distributor.
- Expected annual sales contribution $260M and EBITDA $30M before synergies.
- Acquisition is part of Engineered Solutions segment expansion; expected accretive to EPS within first 12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109563/000119312524263833/0001193125-24-263833-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109563/000119312524263833/d909436d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-263833

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