Summit Hydraulics locks in private equity investment from North Branch Capital

Private equity firm North Branch Capital has invested in Phoenix-based Summit Hydraulics. The companies did not disclose the amount of the investment.

Summit is a designer and distributor of hydraulic kits and aftermarket components for the end markets of agriculture and construction, among other vertcals.

“North Branch’s growth-oriented mindset and track record of developing industrial distribution companies aligns perfectly with Summit,” said Summit President and Founder Tony Kotula. “North Branch’s expertise in product sourcing, inventory management and logistics will contribute to Summit’s next phase of growth. We are excited about the future and the opportunity that lies ahead.

The transaction closed on September 21. This was the 21st transaction completed by North Branch since its launch in 2014. North Branch is based in Oak Brook, Illinois.

“Summit has built a high growth e-commerce platform selling custom hydraulic components, kits and solutions to industrial markets,” said Nick Johansson, director of North Branch. “The company has become the leading and most trusted brand in this market with a comprehensive product offering, an educational sales approach, and quick turnaround capabilities. “


Source link

Comments are closed.