Thu, 04/03/2018 – 12:00
Temple, TX. – April 3, 2018 – Texas Hydraulics, a portfolio company of Wynnchurch Capital, LLC (“Wynnchurch”), announced the acquisition of The Oilgear Company (“Oilgear”). Oilgear is a leading provider of highly engineered hydraulic pumps, valves, systems and aftermarket services for heavy duty applications.
Patrick Taylor, Chief Executive Officer, said in a statement, “The combination of Texas Hydraulics and Oilgear creates a leading provider of hydraulic solutions including components, customized systems and end-to-end engineering and aftermarket support services. Oilgear is a market leader with a strong brand and reputation for providing world class pumps and valves for the most rugged, heavy duty applications in the industrial, oil and gas and mobile equipment markets. We look forward to Oilgear joining the Texas Hydraulics team and expanding our highly engineered hydraulics solution platform with global scale for our customers.”
Craig LaFave of Oilgear commented, “We are excited to join Texas Hydraulics and broaden our product and service offering. Our two companies have significant design and engineering capabilities with a commitment to quality, durability and performance in the most mission critical applications. We are confident that, in partnership with Texas Hydraulics, we can leverage these capabilities and improve the value proposition and overall solutions we offer to our expanded global customer base.”
Founded in 1921, Oilgear is a manufacturer of hydraulic pumps, valves, and systems for heavy duty applications. Oilgear also offers customers a wide range of related aftermarket services. Oilgear is based in Traverse City, MI and operates out of twelve primary facilities globally with broad coverage to customers in industrial, oil and gas, and mobile equipment end markets. Through its tradition of bringing only the most advanced engineered solutions to its customers, Oilgear looks to set the standard in industries requiring precise, high-performance hydraulic products, often operating in the harshest of environments. For more information, please visit: www.oilgear.com
About Texas Hydraulics:
Founded in 1968, and headquartered in Temple, Texas, Texas Hydraulics is a leading manufacturer of highly engineered, custom-designed hydraulic cylinders, swivels and related components. The Company is known as leading provider of front-end design solutions for the most challenging applications. Texas Hydraulics uses its technical expertise related to valve integration, position sensing technology, large bore and long stroke cylinder manufacturing to provide a differentiated value proposition to its customers. The Company has long-standing relationships with blue-chip OEM customers across a variety of end-markets, including infrastructure, utilities, natural resources and transportation. For more information, please visit: www.texashydraulics.com
About Wynnchurch Capital:
Wynnchurch Capital, LLC, headquartered in the Chicago suburb of Rosemont, Illinois, with offices in California and Canada, was founded in 1999, and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with $2.2 billion of committed capital under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings. For more information, please visit: www.wynnchurch.com.