Washington, DC, (October 20, 2023) – FOCUS Investment Banking (“FOCUS”), a national middle market investment banking firm providing merger, acquisition, divestiture and corporate finance services, announced today that Bearing Distributors, Inc. (“Bearing Distributors”), based in Columbia, South Carolina, has been acquired by Applied Industrial Technologies (NYSE: AIT, “Applied”).  FOCUS initiated this transaction and advised Bearing Distributors throughout the process. Terms of the transaction were not disclosed.