Nathan Jones

Jeffrey Hammond

Mircea Dobre

David Tarantino

Jon Braatz

Peter Kalemkerian

Will Gildea

- Helios Technologies, Inc. completed the **divestiture of its Custom Fluid Power (CFP) business** to Questas Group on **September 27, 2025**.  **[1024795_0001193125-25-226855_hlio-20251001.htm:0]** 
- Concurrently, Helios entered into a **long-term exclusive distribution agreement** with Questas to maintain Sun Hydraulics' strategic position in the Australian hydraulics market.  **[1024795_0001193125-25-226855_hlio-ex99_1.htm:0]** 
- The company intends to use the proceeds from this transaction for **debt repayment, disciplined organic investment**, and **return of capital to shareholders**.  **[1024795_0001193125-25-226855_hlio-20251001.htm:0]** **[1024795_0001193125-25-226855_hlio-ex99_1.htm:0]**

Helios Technologies Completes Divestiture of Custom Fluid Power Business

- **Helios Technologies (HLIO) completed the previously announced sale of its Custom Fluidpower (CFP) business to Questas Group**.  **[1024795_ff189e2c23df4a1eb1a23ee022bb075d_0]** 
- Concurrently, Helios executed a **long-term exclusive distribution agreement with Questas**, which secures Sun Hydraulics’ strategic position in the Australian hydraulics market through CFP’s network.  **[1024795_ff189e2c23df4a1eb1a23ee022bb075d_0]** 
- Helios plans to use the **net proceeds** from the transaction consistent with its capital allocation priorities, including **debt repayment, disciplined organic investment, and return of capital to shareholders**.  **[1024795_ff189e2c23df4a1eb1a23ee022bb075d_0]**

Helios Technologies Completes Custom Fluidpower Sale and Enters Distribution Agreement

- Helios Technologies, Inc. announced on **August 28, 2025**, that **Michael Connaway** will join the company as **Chief Financial Officer** in **October 2025**.  **[1024795_0001024795-25-000004_hlio-ex99_1.htm:0]** **[1024795_0001024795-25-000004_hlio-20250828.htm:1]** 
- Upon Mr. Connaway's appointment, Sean Bagan, who currently serves as President, CEO, and CFO, will relinquish his CFO role.  **[1024795_0001024795-25-000004_hlio-ex99_1.htm:0]** **[1024795_0001024795-25-000004_hlio-20250828.htm:1]** 
- **Jeremy Evans**, the current Corporate Controller, will be promoted to **Chief Accounting Officer** effective **September 1, 2025**.  **[1024795_0001024795-25-000004_hlio-ex99_1.htm:0]** **[1024795_0001024795-25-000004_hlio-20250828.htm:2]** 
- Mr. Connaway's compensation package includes an annual base salary of **$530,000**, a short-term cash incentive target of **75%** of base salary, a long-term equity incentive target of **150%** of base salary, an initial award of **6,500 RSUs**, and a **$150,000 cash sign-on bonus**.  **[1024795_0001024795-25-000004_hlio-20250828.htm:1]**

HELIOS TECHNOLOGIES (HLIO)