Speedgrip Chuck Inc., an Elkhart, Ind.-based designer and manufacturer of highly engineered mechanisms, has been acquired by an affiliate of Stratford-Cambridge Group, a private investment firm headquartered in Plymouth. Terms of the agreement were not released.
“By supporting the current leadership and their future plans for the company, Stratford-Cambridge Group will help elevate Speedgrip to greater levels of financial and operational performance,” says Jason T. Byrd of Charter Capital Partners, which served as the financial adviser in the sale.
Speedgrip was founded in 1946 and operates and distributes its products out of its facility in Elkhart. The company is a nationally recognized leader in the workholding industry for its ability to engineer and deliver highly customized solutions for its clients around the world.