Hydraulic Technologies Acquires Foxtrot Industriel

via Business Wire

Hydraulic Technologies (“HT”), a designer, engineer, and manufacturer of high-pressure hydraulic tools and equipment and a portfolio company of Wynnchurch Capital, L.P. (“Wynnchurch”), today announced the acquisition of Foxtrot Industriel (“Foxtrot” or the “Company”), a manufacturer of motorized industrial handling equipment.

Headquartered in Saint-Hyacinthe, Québec, Foxtrot designs and manufactures motorized industrial handling equipment used to safely lift, transport, and position heavy machinery within manufacturing and industrial environments. The Company’s product portfolio includes motorized dollies, heavy lift robots, bridge load-spreader systems, and related accessories.

“Foxtrot, together with Hydra-Slide, is our second strategic addition to the newly formed Hydraulic Technologies Heavy Lift segment,” said Brad Sterner, CEO of Hydraulic Technologies. “Like Hydra-Slide, Foxtrot’s innovative heavy lift solutions and reputation for safety and reliability expand our portfolio to serve customers in the demanding, high-growth Heavy Lift segment and newly entered Factory Automation market. In Heavy Lift, we now offer a full range of engineered solutions for high-tonnage moves, from sub-ton applications to rail and industrial uses up to 1,000 tons. We are excited to partner with Charles-Eric and Benoît, and the entire Foxtrot team, to support the Company’s next phase of growth.”

“Joining forces with Hydraulic Technologies marks an exciting new chapter for Foxtrot,” said Charles-Eric Raymond, Co-Founder of Foxtrot. “HT’s global reach, operational resources, and shared commitment to engineering excellence will enable us to accelerate innovation and broaden our presence across North America and beyond.”

“We are proud of the business we have built and confident that HT is the right partner to help scale our platform while maintaining our focus on quality, safety, and customer service,” added Benoît Serrano-Parent, Co-Founder of Foxtrot.

Paul Hastings LLP and Stikeman Elliott LLP acted as legal advisors to Hydraulic Technologies and Wynnchurch.

About Hydraulic Technologies:

Headquartered in Rockford, Illinois, Hydraulic Technologies designs, engineers, and manufactures high-pressure hydraulic tools and equipment. A market leader in high-pressure hydraulic tools, HT’s products serve mission-critical applications and are essential in maintenance, repair, and operational functions across a wide range of industries, including infrastructure, manufacturing, and rail. For more information, please visit: www.hydraulictechnologies.com.

About Foxtrot Industriel:

Headquartered in Saint-Hyacinthe, Québec, Foxtrot is a manufacturer of motorized industrial handling equipment designed to safely lift, transport, and position heavy machinery within manufacturing and industrial environments. Foxtrot’s product portfolio includes motorized dollies, heavy lift robots, bridge load-spreader systems, and accessories. For more information, please visit: www.foxtrotindustriel.com.

About Wynnchurch Capital

Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with an affiliate in Canada, was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement.

Wynnchurch manages a number of private equity funds with $8.6 billion of regulatory assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings. Recently, Wynnchurch signed a definitive agreement to acquire Arcosa Marine Products, a leading manufacturer of hopper barges, tank barges, fiberglass covers, and marine components. Other recent investments include: Charter Industries, a leading provider of edgebanding and complementary products; Astro Shapes, a leading manufacturer of custom aluminum extrusions; and Principal Industries, a leading provider of LED components and engineered assemblies. For more information, please visit: www​.wyn​nchurch​.com or follow us on LinkedIn.

Contacts