Middle market private equity firm GenNx360 Capital Partners has purchased Horsburgh & Scott Co. The latter is custom gearing parts manufacturer while the terms of the deal was not released.
Horsburgh & Scott is one of the leading custom gearing parts manufacturers in the world. Aside from manufacturing, it also repairs and maintains high engineering industrial gears and drives to 400 top level clients worldwide. It has specialization to create gears 25ft in diameter for a variety of industries, such as steel, mining and rail as well as other industries.
According to Monty Yort, GenNx360 Managing Partner, "With its proven management team and talented group of engineers, strong brand and excellent customer relationships, we are very excited about future prospects for H&S. We expect to build on H&S's legacy by leveraging our global C-suite relationships within the industry and executing on identified growth opportunities, both organically and through add-on acquisitions as well as providing valuable operating perspective to enhance an already exceptional company."
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