Bearing Services Africa unlocks its future potential with new shareholder, Advanced Mechanical

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/ PRESS RELEASE / This content is not written by Creamer Media, but is a press statement provided.

Advanced Mechanical recently acquired a 70% stake in Bearing Services Africa. The shareholder agreement, which was formalized on April 25, 2022, will see a significant expansion of the SKF Authorized Distributor’s product and service portfolio, opening up vast new market opportunities in bearings and industrial and providing added value to its customers.

Bearing Services was established in January 1999 by Barry Everitt. This marked the acquisition of the first Bearing Services East Rand branch and Bearing Services Alrode as an SKF authorized distributor of bearings and units, seals and related products and services. Grant van Rooyen, who joined Bearing Services the same year, was appointed Managing Director in 2013. In his capacity as Managing Director and under Barry’s leadership, they have grown into a successful operation noting rapid expansion into four key provinces of South Africa, namely; Mpumalanga, Limpopo, Gauteng and KZN. The total number of branches now under the Bearing Services head office based in Jet Park, Gauteng is nine (9) branches.

Barry recently made the decision to retire and sold his shares of Bearing Services to Advanced Mechanical. Grant owns 10% of the company’s stock, with the remaining 20% ​​held by BBBEE.

Advanced Mechanical, led by Group CEO Ben Naidoo, holds a number of exclusive dealerships in South Africa for global premium brands. Ben confirms that the recent purchase of Bearing Services, along with Advanced Mechanical, will propel us to become an undisputed force in the industrial and automotive sectors in South Africa. Ben says he is committed to long-term value creation, which will not only trigger business growth, but sector transformation, social upliftment and job creation.

“We are extremely excited about the added value this acquisition brings to the table,” said Grant. “There is no doubt that strong support from a company as large as Advanced Mechanical is a game-changer for Bearing Services. In addition to our distributor status, Bearing Services now also assumes the retailer cap, as we are able to effectively sell our products through a combined and ever-expanding branch network. The benefits we derive from this dual position will most certainly be passed on to our customers. …/2

Adding more products will not only increase Bearing Services’ current basket of offerings, but will also add diversity, which will ultimately provide tremendous benefits to customers. “With our expanded new product line, customers can now expect complete turnkey solutions from a single source,” notes Grant. “Furthermore, we are now primarily a Tier 2 BBBEE contributor, which elevates our competitive position in the market, opening up vast new business avenues for us.”

“The word ‘Services’ is part of our company name for a reason; we have and always will be serious about customer service. As a successful player in the industrial market, our value proposition is to serve customers by always listening to them and subsequently providing them with turnkey solutions that best meet their individual needs. This acquisition allows us to further improve our service culture and add value to the customer experience.

Ben confirms that his long-term vision for Bearing Services is to grow the business significantly. “The objective over the next twelve months is to open new branches in partnership with SKF. Strategic areas will be identified to enable exponential growth in demanding markets where we know we can achieve built-in leverage and be of key value to our clients. Thanks to Bearing Services’ expanded product portfolio, we are able to fully exploit the potential of these markets.

The Bearing Services team has years of experience delivering world-class quality and reliable product solutions that help customers optimize asset availability and life cycle cost management. The result is increased production efficiency and reduced total cost of ownership. “And I want to assure all of our valued customers that those core competencies will not change,” Grant points out. “We are proud to have been an SKF Authorized Distributor for over two decades and our professional and highly trained team is ready to continue to deliver the product and service excellence that we are known for and our customers have come to expect. Moreover, we are ready to offer much more and we invite our valued customers to join us in this exciting new adventure. »

Burak Murat Özyurt, SKF Managing Director for Southern Africa, said: “We welcome the new shareholders of Bearing Services to the family of our unrivaled distribution network in Southern Africa. From our interactions so far, we can see the business acumen and thirst to take Bearing Services to the next level by adapting to the buying behavior trends of 2022 and moving forward in accordance to our distribution development strategy in Africa. We as

the unbeatable SKF South Africa team, will continue to provide the best support to our long-standing partner “Bearing Services”. »

In conclusion, Barry sincerely thanks the customers of Bearing Services for their loyal support over these many years. “A new chapter of life begins not only for me but also for Bearing Services. I believe that with this new shareholder partnership, the company is about to increase tenfold. I therefore leave you in good hands, knowing that the future success of Bearing Services will contribute to the sustainability of your business.

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