SyBridge Technologies in Southfield, a global industrial technology company, has announced it has completed the acquisition of Action Tooling in Grand Rapids and Lakeshore Fixture and Gauge Ltd. in Windsor.
Both transactions further expand SyBridge’s tech and services business unit and make SyBridge an end-to-end solutions provider. Action and Lakeshore represent SyBridge’s fifth and sixth acquisitions in the last year.
New York based private equity firm Crestview Partners established SyBridge Technologies in 2019 and committed $200 million of equity to create a market leading value-added manufacturing solutions provider spanning across end-markets, geographies, and advanced technological capabilities.
The acquisition of Action enables SyBridge to better serve its customers in the Midwest region. The addition also expands SyBridge’s customer service network to five dedicated service facilities in strategic areas across North America.
Through its acquisition of Lakeshore, SyBridge will have in-house capabilities to design, manufacture, certify, and service fixtures, gauges, and end-of-arm tooling. This marks a significant step for SyBridge to offer a full suite of industrial technology solutions to customers in mobility, life sciences, consumer products, and other industries.
“Action has been a service-oriented company throughout its 25-year history with an exceptionally strong customer-first mindset and is next door to many of SyBridge’s top customers,” says Andy Aiton, president of SyBridge’s tech and services business unit. “The Action acquisition is core to our strategy of supporting customers with dedicated service centers within a closer proximity.”
Tony Nardone, CEO of SyBridge, adds, “With the creation of the SyBridge tech and services business unit last year, we not only continued adding service centers, but also expanded our business scope to fixtures, gauges, end-of-arm tooling, prototyping, additive manufacturing, and IoT services. The acquisition of Lakeshore supports our strategic goal of becoming a leading industrial technology solutions provider.”
Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. The firm manages funds with approximately $10 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience in private equity, finance, operations, and management.
Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: industrials, media, and financial services. For more information, visit www.crestview.com.
For more information on SyBridge, visit www.sybridgetech.com.