Wynnchurch Capital, a leading middle-market private equity firm, has acquired Texas Hydraulics (the "Company") from Dover Corporation. The Company is a leading manufacturer of highly engineered, custom-designed hydraulic cylinders, swivels and related components for mobile equipment applications. Founded in 1968, and headquartered in Temple, TX, Texas Hydraulics provides front-end design solutions for the most challenging applications in a diverse range of end-markets, including infrastructure, utilities, natural resources and transportation.
"We are excited to partner with Wynnchurch to grow our business and continue our nearly 50 year history of delivering innovation, quality and exceptional service to our customers. Wynnchurch has extensive experience helping manufacturing companies reach their full potential through growth and operational excellence," said Pat Gerard, CEO of Texas Hydraulics.
Frank Hayes, Partner at Wynnchurch said "Texas Hydraulics has a long, established track record of working with its global customer base to design custom solutions for the most complex applications. We are excited to partner with management to help expand this thought leadership, position the Company for continued growth and drive operational excellence throughout the business. Greg Gleason, Managing Director at Wynnchurch, added, "We look forward to helping the Company provide value to its customers with a focus on industry leading quality, delivery and service. Texas Hydraulics is also well positioned to leverage its engineering expertise to grow into new end-markets, geographies and product adjacencies."