PT Tech and AeroTorque have been acquired by The Timken Company

You are here

EdgePoint Capital announced that it served as the exclusive financial advisor to EBO Group in its sale of subsidiaries PT Tech, Inc. and AeroTorque Corp (collectively, “PT Tech” or the “Company”) to The Timken Company (NYSE: TKR).  Terms of the transaction were not disclosed.

Headquartered in Sharon Center, OH, PT Tech is the premier designer of industrial clutches, brakes, and power take offs used in specialty equipment for the mining, wood waste recycling, aggregate processing, metal processing, and wind power industries.  With a value proposition based upon customized engineering and product design for specific applications, the Company has been a trusted manufacturing partner to its customers for decades.  The AeroTorque product focuses on damping of damaging loads in wind turbine drivetrains.

The acquisition of PT Tech complements the Power Transmission business of Timken and further establishes Timken as a complete supplier of motion control products. 

The Timken Company engineers, manufactures and markets bearings, gear drives, belts, chain, couplings, and related products, and offers a spectrum of powertrain rebuild and repair services. Known for its quality products and collaborative technical sales model, Timken posted $2.7 billion in sales in 2016 and has more than 14,000 employees operating in 28 countries.

Located in Cleveland, Ohio, EdgePoint is an investment banking firm that provides transaction advisory services to middle market private companies.  

© 2018 EdgePoint | 2000 Auburn Drive, Suite 330, Beachwood, OH 44122 | Phone: 216-831-2430, Toll Free: 800-217-7139