Private equity firm North Branch Capital has made an investment in Phoenix-based Summit Hydraulics. The companies didn’t disclose the amount of the investment.
Summit is a designer and distributor of aftermarket hydraulic kits and components for the agricultural and construction end markets, among other vertcals.
“North Branch’s growth-oriented mindset and track record of scaling industrial distribution businesses align perfectly with Summit,” said Summit President and Founder Tony Kotula. “North Branch’s expertise in product sourcing, inventory management and logistics will aid in Summit’s next phase of growth. We are thrilled about the future and the opportunity ahead of us.
The transaction closed on Sept. 21. It marked North Branch’s 21st completed transaction since launching in 2014. North Branch is based in Oak Brook, Illinois.
“Summit has built a high growth e-commerce platform selling customized hydraulic components, kits and solutions to industrial markets,” said Nick Johansson, Principal of North Branch. “The company has emerged as the leading and most trusted brand in this market with a comprehensive product offering, educational sales approach and rapid fulfillment capabilities.”