PE-backed Texas Hydraulics Acquires Oilgear
April 4, 2018 - Texas Hydraulics, a portfolio company of Wynnchurch Capital, LLC (“Wynnchurch”), announced the acquisition of The Oilgear Company (“Oilgear”). Oilgear is a leading provider of highly engineered hydraulic pumps, valves, systems and aftermarket services for heavy duty applications.
Patrick Taylor, Chief Executive Officer of Texas Hydraulics, said in a statement, “The combination of Texas Hydraulics and Oilgear creates a leading provider of hydraulic solutions including components, customized systems and end-to-end engineering and aftermarket support services. Oilgear is a market leader with a strong brand and reputation for providing world class pumps and valves for the most rugged, heavy duty applications in the industrial, oil and gas and mobile equipment markets. We look forward to Oilgear joining the Texas Hydraulics team and expanding our highly engineered hydraulics solution platform with global scale for our customers.”
Craig LaFave of Oilgear commented, “We are excited to join Texas Hydraulics and broaden our product and service offering. Our two companies have significant design and engineering capabilities with a commitment to quality, durability and performance in the most mission critical applications. We are confident that, in partnership with Texas Hydraulics, we can leverage these capabilities and improve the value proposition and overall solutions we offer to our expanded global customer base.”