Platte River Equity of Denver said it will combine its newly acquired tool and lighting solutions company, Jameson LLC of South Carolina, with its existing portfolio company, Huskie Tools of Glendale Heights, Illinois, which produces professional-grade, battery-operated hydraulic hand tools, hoists and accessories.
“For more than 50 years, Jameson has provided professionals worldwide with quality tools and lighting solutions,” Jameson CEO Dan Miller said. “With the strong reputation enjoyed by both companies, we are excited for the opportunity to enter new markets and accelerate the pace of new product development across both brands. We look forward to a union with Huskie Tools that is centered on growth, high-quality customer service and continued product innovation.”
Miller will stay on as chief executive officer as the companies meld. The headquarters of the combined firms will be in Glendale Heights; leadership teams and employees of all companies will also stay in place.
“We are excited to unite two leading brands in the industrial tool market,” Huskie Tools Vice President of Operations Roger Richter said. “Jameson, known for its high-quality products and customer service, brings a broad suite of trusted products that we can offer to our customers, utilizing our combined marketing and sales channels. The combination of Huskie Tools and Jameson meaningfully enhances product offerings to customers in the utility, telecom and industrial tool markets.”
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