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Farlie Turner Completes Sale of Leading Industrial Distribution Company to Applied Industrial Technologies, Inc.

By: Charles Fultz - Date: 02/02/2016

FORT LAUDERDALE, Fla. (February 3, 2016) – Fort Lauderdale-based investment banking firm Farlie Turner & Co is pleased to announce the sale of HUB City Industrial Supply, Inc. (“HUB”). In a transaction that closed on January 4, 2016, HUB was sold to Applied Industrial Technologies, Inc. (NYSE:AIT). Farlie Turner served as the exclusive financial advisor to HUB.

HUB is one of the nation’s leading distributors of highly-customized industrial products. Founded in 1990 and headquartered in Lake City, Florida, HUB offers a diverse product portfolio that includes more than 37,000 SKUs and serves a number of niche markets, including the pallet, auto dismantling, hot dipped galvanizing, metal fabrication, precast concrete, galvanized fencing and waste industries. HUB sells products to over 5,000 customers nationwide and has additional locations in Las Vegas, Nevada and Indianapolis, Indiana.

“We knew that we had only one chance to sell our business, so we did a lot of research before we picked an investment banker. The team from Farlie, Turner & Co. came highly recommended by several parties, delivered on every promise and exceeded our expectations,” stated Gabriel Curry, HUB’s Owner and President. The transaction was led by Charles Fultz, a Managing Director at Farlie Turner, in addition to Daniel Vetrano. Terms of the transaction were not disclosed.

About Farlie Turner
Farlie, Turner & Co., LLC, and its affiliate Bayshore Partners, LLC, a broker-dealer registered with FINRA, provide merger and acquisition, private placement and financial advisory services to middle market companies. Please visit www.farlieturner.com for more information.

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