logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Miller Industries Announces Acquisition Of Southern Hydraulic Cylinder

May 31, 2023•over 2 years ago

Acquiring Company

Miller Industries

Acquired Company

CYLINDER

OoltewahManufacturing

Description

Miller Industries, Inc. (NYSE: MLR), the World's Largest Manufacturer of Towing and Recovery Equipment, today announced that it has acquired Southern Hydraulic Cylinder, Inc., a custom hydraulic cylinder manufacturer, in an all-cash transaction for an aggregate purchase price of approximately $17.5 million, subject to certain pre- and post-closing adjustments for cash and net working capital.

Company Information

Company

Miller Industries

Location

Ooltewah, Tennessee, United States

About

Miller Industries is the world's largest manufacturer of towing and recovery equipment. Miller Industries manufacturers a wide variety of towing and recovery equipment with capabilities from 8,000 lbs. to 100 tons under the brands of Century, Vulcan, Chevron, Holmes, SHC, Boniface, and Jigé.

Related People

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed