Swanson Industries, Inc. (“Swanson”), a portfolio company of Turnspire Capital Partners LLC (“Turnspire”), announced today that it has acquired the Off-Highway Business (the “Off-Highway Business”) of TransAxle Holdings, LLC. The Off-Highway Business is a premier U.S.-based remanufacturer of transmissions, differentials, hydraulics, axles and brake systems, and related industrial products for numerous off-highway verticals.
Over its 46-year history, the Off-Highway Business has built a reputation for delivering unparalleled capabilities, quality, and service. From locations in Pennsauken, New Jersey and Garner, North Carolina, it serves a diverse array of customers across the hard rock mining, metals, construction, aerospace, and marine sectors, among others.
The Off-Highway Business will be re-branded as the Swanson Off-Highway division. Swanson will provide the division with substantial additional capacity and resources, supporting its continued growth through expanded capabilities and enhanced service offerings.
“Our strategic acquisition of the Off-Highway Business will enable us to capitalize on many overlaps and potential synergies between our offerings, customers and end markets,” said David Brightbill, CEO of Swanson. “The Off-Highway Business has developed a truly differentiated breadth of technical expertise and a strong reputation in its end markets. We are very excited to welcome the Off-Highway Business’ talented employees and to work together to further strengthen Swanson’s leading market position by expanding our reach and capabilities.”
Freshfields LLP served as legal counsel to Swanson in the transaction.
About Swanson Industries
Swanson Industries is a premier provider of manufacturing, remanufacturing, repair, and distribution services of mining equipment, hydraulic cylinders, and related industrial equipment across the United States. Headquartered in Morgantown, West Virginia, Swanson has established a strong presence in the mining and heavy industry sectors. Swanson has a reputation for delivering the highest-quality products and unparalleled technical expertise, enhancing the long-term safety and efficiency of its customers’ operations. Since June 2024, Swanson has been owned by Turnspire Capital Partners.
About Turnspire Capital Partners
Turnspire Capital Partners invests in high-quality businesses that have reached strategic, financial or operational inflection points and stand to benefit from our hands-on, operationally focused approach. Turnspire’s investment philosophy is predicated on creating value through operational improvements rather than through financial leverage. Turnspire strives to make each of its portfolio companies best-in-class in their respective industry niche, and then to grow the businesses through organic initiatives or strategic acquisitions. For additional information, please visit www.turnspirecap.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250626475203/en/
Contacts
Mark Semer
Gasthalter & Co.
(212) 257-4170
turnspire@gasthalter.com
