iMECH acquired by Timken

01 November 2023

Team:

Frank Sur, Robert Carleton, Adriana Da Silva Bellini, Braden Sheps, Emily McCartney, Ana Pagkatipunan, Christopher Peng, Michael Bussmann, Carl Hinzmann, Malya Amghar, Pierre Alary, André Bergeron

On November 1, 2023, The Timken Company (NYSE: TKR) completed its previously announced acquisition of Engineered Solutions Group (a.k.a. Innovative Mechanical Solutions or iMECH).

iMECH manufactures thrust bearings, radial bearings, specialty coatings and other components primarily used in the energy industry. The business employs approximately 70 people and projects revenue of around $30 million for calendar year 2023. The company is headquartered in Edmonton, Alberta, with a manufacturing/distribution centre in Edmonton, and additional distribution centres in the US and Australia.

Gowling WLG acted as iMECH's Canadian counsel with respect to this transaction with a team led by Frank Sur and that included Robert Carleton and Adriana Da Silva Bellini (corporate/M&A); Braden Sheps (financial services); Amy-Lynn Kosick (employment); Emily McCartney (litigation); Ana Pagkatipunan (real estate); Christopher Peng (intellectual property); Michael Bussmann, Carl Hinzmann and Malya Amghar (tax); and Pierre Alary and Andre Bergeron (transfer pricing).

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