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ParkOhio Agrees to Acquire Erie Press Systems

High Road Capital Partners Acquires John Henry Foster Minnesota

Private equity firm High Road Capital Partners has acquired John Henry Foster Minnesota Inc., Eagan, Minnesota. Terms of the acquisition were not disclosed.

John Henry Foster Minnesota is a value-added distributor of motion control parts and accessories, compressed air systems, collaborative robots, industrial robotics and electrical automation products to manufacturers in the Upper Midwest.

“The acquisition of this differentiated regional market leader builds upon our strong experience in value-added distribution and advanced manufacturing,” said Ben Schnakenberg, partner, High Road Capital Partners. “With its extensive inventory and sought-after design, integration and technical expertise, JHFoster is well positioned to capitalize on small and mid-sized manufacturers’ flourishing interest and investment in automated manufacturing systems.”

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