Citizens M&A Advisory served as the exclusive financial advisor to Engineered Solutions Group on its previously announced acquisition by The Timken Company.

Headquartered in Houston, Texas, ESG specializes in the design and manufacturing of proprietary thrust and radial bearings, primarily serving the oil and gas industry. The company also provides anti-wear coatings through its proprietary “Intellifuse” coating technology and machines other components for downhole tools. ESG operates facilities in Alberta, Canada, and Houston, Texas.

The company is a subsidiary of H-D Advanced Manufacturing, an industrial holding company backed by Hicks Equity Partners, The Riverside Company and Weinberg Capital Group.

Weinberg Capital Group Founder and Investing Partner Ronald Weinberg said: “Having done deals for many years, I know very well that it is the whole team that makes it happen. We appreciate the Citizens M&A Advisory team’s drive, passion and being there each day to move the process along. Our shareholders commend the entire Citizens team for helping reach an excellent outcome for ESG, and we look forward to seeing ESG’s path forward as a part of Timken.”

Citizens M&A Advisory Managing Director Mark Filippell said: “H-D Advanced Manufacturing developed ESG into a world-class specialty bearings company. We were pleased to be of service in the sale of this wonderful enterprise. As a part of Timken, ESG will continue to grow worldwide.”