Cleveland leveraged buyout firm Riverside Co. has acquired Baldor Electric Co.'s U.S. power services operating segment for undisclosed terms. The segment has operated under the name Reliance Electric ...

Cutback: Reliance Electric Co. said Friday it will cut nearly 500 jobs in a restructuring by the Cleveland-based manufacturer of industrial and telecommunications products. About 300 people will be ...

Four former Reliance Electric Co. executives who've maintained Cleveland ties as an investor group have acquired an Oklahoma-based indus- trial distributor that's five times the size of their own ...

Fort Smith, Ark.-based Baldor Electric Co. (www.baldor.com) announced on Feb. 7 that it has completed the acquisition of Power Systems, a division of Rockwell Automation Inc.

Baldor Electric Co. said this week that it has signed a definitive agreement to acquire the Reliance Electric Co. and certain of its affiliated Power Systems businesses from Rockwell Automation Inc., ...

NEW YORK (MarketWatch) - Baldor Electric Co. said Tuesday it agreed to buy Reliance Electric Co., the power systems business of Rockwell Automation Inc. , for $.175 billion in cash and 1.6 million ...