Dec 18, 2015, 8:55am MST  Denver Business Journal

As many home-repair enthusiasts will tell you, you can’t have too many tools.

Evidently, Platte River Equity of Denver agrees with that philosophy, announcing Friday that it has acquired Jameson LLC, a 59-year-old Clover, South Carolina-based maker of tools and lighting equipment for professionals.

A spokesman for Platte River declined to disclose terms of the purchase.

The private equity firm says it will combine Jameson with Huskie Tools Inc., another tool manufacturer based near Chicago that it acquired in September. Huskie primarily makes tools used by linemen in the electric utility industry

 The combined business will be based at Huskie’s home town of Glendale Heights, Illinois, and will be led by Jameson CEO Dan Miller, Platte River said. It will serve the industrial tools sector.

“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,” Miller said. “We look forward to a union with Huskie Tools that is centered on growth, high-quality customer service and continued product innovation.”

Jameson and Huskie will maintain their existing operations and workforces, Platte River said.

Platte River says it has raised $700 million to invest in lower middle market operating companies with enterprise values between $20 million and $250 million.

The firm was founded in 2005 by J. Landis Martin, who was co-developer of the new ART hotel in Denver’s Golden Triangle.

 

Please read article at: http://www.bizjournals.com/denver/news/2015/12/18/platte-river-equity-buys-another-tool-company.html