DENVER, Dec. 18, 2015 (GLOBE NEWSWIRE) -- Platte River Equity announced today that it has acquired Jameson, LLC, a leading manufacturer of quality tools and lighting solutions for professionals across industrial end markets worldwide. Platte River Equity will combine Jameson with its existing portfolio company, Huskie Tools, LLC, a leading independent provider of professional-grade, battery-operated hydraulic hand tools, hoists and related accessories, thereby creating a diversified entity focused on the industrial tools sector.
“For more than 50 years, Jameson has provided professionals worldwide with quality tools and lighting solutions,” said Dan Miller, CEO of Jameson and, going forward, of the combined entity. “With the strong reputation enjoyed by both companies, we are excited for the opportunity to enter new markets and accelerate the pace of new product development across both brands. We look forward to a union with Huskie Tools that is centered on growth, high-quality customer service and continued product innovation.”
The combined holding company will be headquartered in Glendale Heights, Illinois, and the senior leadership teams of both entities remain committed to the new platform. Huskie Tools and Jameson will maintain existing operations in Glendale Heights, Illinois and Clover, South Carolina, respectively. The companies will also retain their respective workforces.
“We are excited to unite two leading brands in the industrial tool market,” said Roger Richter, Vice President of Operations of Huskie Tools. “Jameson, known for its high-quality products and customer service, brings a broad suite of trusted products that we can offer to our customers, utilizing our combined marketing and sales channels. The combination of Huskie Tools and Jameson meaningfully enhances product offerings to customers in the utility, telecom and industrial tool markets.”
About Jameson Tools
Established in 1956, Jameson is a manufacturer and provider of quality tools and lighting solutions for professionals across industrial end markets worldwide. Jameson’s line-up of high quality, professional-grade products are utilized in lighting applications, inside wiring, underground cabling and locating, aerial cabling, line clearance and tree trimming. For more information, visit www.jamesonllc.com.
About Huskie Tools, Inc.
Established in 1976, Huskie Tools is a leading independent provider of professional-grade, battery-powered hydraulic cutting and compression tools, hoists, and related accessories that are used by electric utilities and industrial companies. In 1989, Huskie Tools pioneered the industry when it introduced the first battery-operated, hydraulic compression tool in North America. Huskie Tools has become the brand of choice for electric utility linemen and industrial tradesmen. For more information, visit www.huskietools.com.
About Platte River Equity
Based in Denver, Colorado, Platte River Equity is a private equity firm that invests in lower middle market operating companies with enterprise values generally between $20 million and $250 million. The firm focuses on targeted industry sectors where it has deep operating and investing experience including aerospace and transportation; energy and industrial products and services; and chemicals, metals, minerals and agriculture. Platte River Equity has raised funds with committed capital in excess of $700 million. For more information, visit www.platteriverequity.com.
Contact: Lisa Lloyd firstname.lastname@example.org (Office) 405.605.2003 or (Cell) 405.973.6960
Source: Platte River Equity