PE Tech Report


Like this article?

Sign up to our free newsletter

GenNx360 Capital Partners acquires Horsburgh & Scott

GenNx360 Capital Partners, a private equity firm focused on investing on middle market industrial business-to-business companies, has acquired Horsburgh & Scott (H&S) for an undisclosed amount.

Horsburgh & Scott is a custom gearing manufacturer for the global marketplace. H&S manufactures, repairs, and services highly-engineered, customer specific industrial gears and gear drives for more than 400 customers throughout the world. It is one of a few companies that is both capable of, and specialising in, the manufacturing of medium and large diameter gears (up to 25 ft. in diameter) for a variety of end markets including steel, mining, wind, rail, and sugar.
H&S employs over 200 people and is headquartered in Cleveland, Ohio, with two additional facilities in Ohio and one in Canada.
"With its proven management team and talented group of engineers, strong brand, and excellent customer relationships, we are very excited about future prospects for H&S," says Monty Yort (pictured), GenNx360 managing partner. "We expect to build on H&S’s legacy by leveraging our global C-suite relationships within the industry and executing on identified growth opportunities, both organically and through add-on acquisitions, as well as providing a valuable operating perspective to enhance an already exceptional company."
"Our goals are fully aligned with those of GenNx360. We are excited about this next step in the evolution of our company," says Christopher Kete, H&S President and Chief Executive Officer. "GenNx360 has strong operational capabilities that perfectly fit our strategic focus for the next chapter."

Like this article? Sign up to our free newsletter