DAILY NEWS May 13, 2014 9:31 AM - 0 comments

Alberta's Reliance Industrial Products acquired by Applied Industrial Technologies

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By: Bill Roebuck

Nisku, AB – Applied Industrial Technologies, Cleveland, OH, has acquired Reliance Industrial Products of Nisku, AB – a supplier to the upstream oil and gas industry. Nisku is located near Edmonton.

Reliance was founded in 1993 as a specialty hose and fitting supplier to serve the unique needs of the oilfield drilling industry. The business has expanded to offer a full range of products and services including design and manufacturing, hydraulic and mechanical repair, and oilfield, hydraulic and safety products.

Reliance primarily serves the oil and gas industry in Western Canada and the United States with some exposure to transportation, mining and construction. The business operates from 15 locations – 10 in Western Canada and five in the United States within Texas, North Dakota, Colorado and Louisiana.

“The addition of Reliance significantly enhances our capabilities to serve the oil and gas markets in the United States and Canada and creates new opportunities for synergies across our businesses. Combined with our Texas Oilpatch Services (TOPS) operation in Houston, we have a strong foundation for growth in the areas of Fluid Conveyance and Oilfield Supplies,” said Neil A. Schrimsher, president and chief executive officer for Applied.

Todd A. Barlett, Applied’s vice-president – acquisitions and global business development, added, “With its large footprint in leading oil and gas markets, Reliance appreciably strengthens our energy capabilities in North America.”

No figures related to the transaction were revealed by Applied or Reliance.

With more than 500 facilities and 5,000 employee associates, Applied Industrial Technologies offers more than five million parts to serve the needs of MRO and OEM customers in virtually every industry.

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