WACO, Texas, Dec 3 2021 / PRNewswire / – Time Manufacturing Company (âTimeâ), and its associated brands, facilities and operations, was acquired by HIG Capital from The Sterling Group. The Sterling Group bought Time Manufacturing Company from a family that had owned it for over 40 years. The HIG transaction will catalyze the company’s global growth plan, which has been in place since 2017. During this period, Time Manufacturing Company has experienced significant profitable growth, both nationally and internationally, including nine acquisitions and l ” addition of distribution centers across Europe and in Asia.
Curt Howell, CEO of Time Manufacturing Company commented, âWe are delighted to enter this new chapter with HIG as we continue to support our customers with industry-leading safety, quality and service, while providing our employees with a ideal workplace. and grow in their career. The resources and industry knowledge that HIG brings, combined with its proven ability to help businesses grow through acquisitions, will allow us to accelerate our growth plan. Mr. Howell, who will continue in his leadership role, said he was optimistic. “With this partnership, we are confident that we will extend our already leading position in the industry and, more importantly, continue to meet the needs of our customers.”
HIG is one of the world’s leading private equity and alternative asset investment firms with more than $ 45 billion under management. âWe are delighted to partner with Curt and the management team again, having worked together on a previous successful investment. The company’s commitment to safety, quality and service across its global footprint uniquely positions it to capitalize on growth opportunities, âsaid Tenno Tsai, Managing Director of HIGâ We look forward to to support Time’s next phase of growth by investing in new product development, geographic expansion and complementary acquisitions. “
Time Manufacturing Company brings a robust supply chain and global service footprint to support infrastructure companies in telecommunications, electric utilities and other critical industries across the globe. The company is marketed under a global portfolio of brands which includes:
Aerial Vehicle Mounted Devices – Versalift, Ruthmann, Steiger, Eagle, EcoLine
Compact overhead devices – BlueLift
Fiberglass division – truck bodies, toppers, inserts, arrows, buckets – MakeFX
Bridge inspection trucks – Aspen Antennas
This exciting new step for Time Manufacturing Company further strengthens its leading position as a supplier of equipment for infrastructure companies in United States and all over the world.
Media contact: Brent Berger â¢ 800-825-1085 â¢ [email protected]
Time Manufacturing Company is a global manufacturer of vehicle-mounted aerial work platforms, including bucket trucks, excavator derricks, cable layers, truck bodies, buckets and other specialty equipment for the utility industry. electricity, telecommunications, bridge inspection, tree maintenance and other fleet-supported industries. Through Versalift, BrandFX, Aspen Aerials, Ruthmann, Steiger, Ecoline, and Bluelift brands, the company supplies equipment to cooperatives, municipalities, government agencies and businesses through its global network of facilities and distributors. Time Manufacturing Company now employs more than 2,000 people worldwide.
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SOURCE TIME Manufacturing Company