H-D Advanced Manufacturing Co., Pittsburgh, acquired San Diego-based Sungear Inc., a manufacturer of precision gears and assemblies for the aerospace industry. Sungear is the fourth acquisition completed under the H-D platform, joining Overton Chicago Gear Corp., a Chicago-based manufacturer of large gears and gearboxes; Innovative Mechanical Solutions (iMECH), a manufacturer of custom bearings for the directional drilling motor industry based in Edmonton, Alberta; and Leading Edge Heat Treating Services Ltd., a provider of heat treating solutions, also of Edmonton.
"The addition of Sungear's expertise and reputation for quality with some of the world's largest aerospace customers advances H-D's goal of becoming a leading global manufacturer of mission-critical products across a wide range of industries," said H-D CEO, Chris DiSantis.
"After over 30 years of growth and relationship development as a family-owned business, I am thrilled to lead Sungear in its next chapter as a part of H-D," said Sungear President Roger Gizicki. "We are eager to partner with H-D and its tremendous financial, operational and business development resources that can help us take Sungear to new heights for our customers."
H-D was formed in December 2012 by a partnership among private equity firms The Riverside Co.,Chicago,, Hicks Equity Partners, Dallas,and Weinberg Capital Group,Cleveland, to acquire and develop manufacturers of mission-critical, precision engineered components. H-D is led by Chris DiSantis, CEO, and Dale Mikus, CFO. H-D is actively seeking acquisition opportunities in gearing, bearing and other heavy duty, precision-engineered component sectors.
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