Fortress Investment Group Acquires TH Holdings
Slice of Manufacturing Team
Nov 26, 2024
Key Highlights:
- Fortress acquires TH Holdings, including brands Texas Hydraulics, Hydromotion, and Oilgear.
- The acquisition enhances capabilities in hydraulic engineering and manufacturing for mobile, industrial, and energy markets.
- TH Holdings' management retains a minority equity stake, with plans for innovation and growth.
- End-to-end services: From custom design to after-market support for hydraulic components.
- Applications span heavy-duty industries, including aerospace, defense, mining, and energy.
Source: Business Wire
Quotes
“ "We are excited to partner with Fortress. Their experience across the industrial sector and commitment to deploying additional capital for growth will be valuable as we invest in innovation." ”
Patrick Taylor, CEO at TH Holdings
Our Take:
This acquisition underscores Fortress Investment Group’s strategic focus on industrial sector innovation and expansion. With a century of engineering excellence, TH Holdings’ brands—Texas Hydraulics, Hydromotion, and Oilgear—position Fortress to capitalize on emerging opportunities in infrastructure investment and industrial reshoring. The partnership also highlights Fortress’s commitment to fostering innovation and operational growth, ensuring a robust market presence for TH Holdings in diverse high-demand sectors.
