Ohio-based Triad Technologies — a fluid power products distributor owned by private equity group Shorehill Capital — announced that it completed the acquisition of Tech-Syn Corporation and its wholly owned subsidiaries.
Financial terms were not disclosed. Tech-Syn is a value-added distributor of seals, O-rings, hoses, fittings and other related products sold to industrial customers. The company is headquartered in Bloomingdale, Illinois, with additional locations in Rockford, Illinois, and Milwaukee, Wisconsin.
“We are pleased to welcome the Tech-Syn team to the Triad family,” saidGreg Wissman, President and CEO of Triad. “The strategic fit between Tech-Syn and Triad is very strong. Tech-Syn has expertise in highly engineered seals and O-Rings whereas Triad offers a broad array of complementary products across hydraulics, pneumatics, industrial automation and industrial hose. This compelling strategic alignment will allow the combined company to provide comprehensive solutions to our shared customer base, while strengthening our presence in the Illinois and Wisconsin markets.”
In a news release, Triad said adding Tech-Syn creates a “unique value-added fluid power distribution platform across the Midwest with the ability to solve complex sealing challenges for its customers.”
Gary Manning, former President and owner of Tech-Syn, added, “Customers will benefit from a more diverse range of product categories, providing solutions for a wider variety of applications. Furthermore, the combination of these companies will foster a culture of growth and development for our employees. The combined company’s expanded scope and capabilities will create new opportunities for career advancement, skill development, and cross-functional collaboration.”