# Applied Industrial Technologies to acquire FCX Performance for $768 million

Applied Industrial Technologies agreed to acquire FCX Performance, a Columbus, Ohio distributor of valves, instruments, pumps and lifecycle services, for about $768 million, with closing expected within 30 days.

- Type: Acquisition
- Announced: 2018-01-09
- Where: Columbus, Ohio, United States
- Value: $768.0M
- Status: announced
- Products: valves, instruments, pumps, flow control products, lifecycle services
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [FCX Performance](https://endata.com/companies/931.md) (target)
- [Applied Industrial Technologies](https://endata.com/companies/2658.md) (acquirer)
- [Harvest Partners](https://endata.com/companies/2659.md) (partner)

## Sources

- [ir.applied.com](https://ir.applied.com/news/news-details/2018/Applied-Industrial-Technologies-to-Acquire-FCX-Performance-Inc/default.aspx/1000/), 2018-01-09: "Applied Industrial Technologies (NYSE:AIT) today announced it has reached a definitive agreement to acquire FCX Performance, Inc."
- [inddist.com](https://www.inddist.com/mergers-acquisitions/news/13775321/applied-industrial-technologies-to-acquire-fcx-performance), 2018-01-09: "Applied stated it will acquire FCX for $768 million and that the deal is expected to close within 30 days."
- [harvestpartners.com](https://harvestpartners.com/news/harvest-partners-lp-reaches-definitive-agreement-to-sell-fcx-performance/), 2018-01-09: "Harvest Partners, LP (“Harvest”), a New York-based private equity firm, announced today that it has reached a definitive agreement to sell FCX Performance, Inc."
- [news.bloomberglaw.com](https://news.bloomberglaw.com/esg/applied-industrial-to-buy-fcx-for-768-million-to-add-valves), 2018-01-09: "Applied Industrial Technologies plans to buy closely held FCX Performance Inc. for $768 million to add a line-up of industrial valves, pumps and instruments."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.