Patrick Schuchard's questions to Applied Industrial Technologies Inc (AIT) leadership • Q2 2025
Question
Patrick Schuchard asked for the history and strategic rationale behind the Hydradyne acquisition and inquired about the current strategic focus of the M&A pipeline, such as whether it prioritizes fluid power or other areas.
Answer
President and CEO Neil Schrimsher described Hydradyne as a long-known, attractive target due to its strong geographic fit in the southern U.S. and its complementary value-added solutions. He confirmed the M&A pipeline remains active with targets across fluid power, flow control, and automation, supported by a strong balance sheet with pro forma net leverage at a modest 0.5x post-acquisition.