An affiliate of Turnspire Capital Partners has acquired Swanson Industries, a US provider of manufacturing, remanufacturing, repair and distribution services of mining equipment, hydraulic cylinders and related equipment.
The transaction includes Swanson’s controlling stake in Tiefenbach North America, which focuses on hydraulic controls and hose assemblies for mining, energy and industrial applications.
Founded in 1964 and headquartered in Morgantown, West Virginia, Swanson offers services including designing and manufacturing new products as well as remanufacturing and repair solutions.
Wilkie Farr & Gallagher and Macquarie Capital advised Turnspire.
