Platte River Equity announced today that it has acquired Jameson, LLC, a leading manufacturer of quality tools and lighting solutions for professionals across industrial end markets worldwide. Platte River Equity will combine Jameson with its existing portfolio company, Huskie Tools, LLC, a leading independent provider of professional-grade, battery-operated hydraulic hand tools, hoists and related accessories, thereby creating a diversified entity focused on the industrial tools sector.
“For more than 50 years, Jameson has provided professionals worldwide with quality tools and lighting solutions,” said Dan Miller, CEO of Jameson and, going forward, of the combined entity. “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.”
The combined holding company will be headquartered in Glendale Heights, Illinois, and the senior leadership teams of both entities remain committed to the new platform. Huskie Tools and Jameson will maintain existing operations in Glendale Heights, Illinois and Clover, South Carolina, respectively. The companies will also retain their respective workforces.
“We are excited to unite two leading brands in the industrial tool market,” said Roger Richter, Vice President of Operations of Huskie Tools. “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.”