18/May/2017

IMAP Michigan (Amherst Partners) advises Exotic Automation & Supply on acquisition of Sidener Engineering

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Exotic Automation & Supply (“Exotic Automation”) has successfully acquired Sidener Engineering (“Sidener”). 

IMAP Michigan (Amherst Partners) acted as exclusive financial advisor to Exotic Automation in connection with the transaction. 

Exotic Automation’s management engaged Amherst to assist in the evaluation of Sidener Engineering as an acquisition target in a transaction that ultimately joined two well­ established, reputable leading fluid power suppliers and positioned the combined companies for fast­ track growth in the fluid power, hydraulic, pneumatic, safety, and automation markets. Amherst’s deep industry expertise and substantial buy­side experience e allowed the team to engage in an efficient, timely review of the target’s financial and operational information and, in particular, supported the analysis of the deal economics and structure. ​

About Exotic Automation & Supply Exotic Automation & Supply
Headquartered in Farmington Hills, Michigan, is a leading supplier of fluid power products, and maintains full service distribution centers throughout Michigan. Founded in 1981, the Company has grown to become one of the largest Parker Hannifin distributors in the country. 

About Sidener Engineering 
Noblesville, ​​Indiana ­based Sidener Engineering was founded in 1981. A full­line distributor for fluid power, pneumatic, and engineered safety products, it also specializes in unique safety products for the foundry industry. Sidener has service centers located throughout Indiana, as well as in Louisville, Kentucky.