SyBridge Technologies Completes Action Tooling, Lakeshore Fixture & Gauge Acquisitions
Action and Lakeshore represent SyBridge’s fifth and sixth acquisitions, expanding its dedicated service facilities across North America and in-house capabilities for service fixtures, gauges and end-of-arm tooling.
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On Jan. 4 SyBridge Technologies, a global industrial technology company, completed the acquisition of Action Tooling LLC, a tooling division of Action Mold & Machining, and Lakeshore Fixture & Gauge Ltd. Both transactions further expand SyBridge’s Tech & Services business unit and make SyBridge an end-to-end solutions provider. Action and Lakeshore represent SyBridge’s fifth and sixth acquisitions in 2021, which include X-Cell Tool & Mold, Pyramid Mold and Tool, Concours Technologies and Toolplas Systems Mexico S. de R.L. de C.V. To adhere to universal branding, all subsidiary companies have been renamed to SyBridge Technologies, as of Oct. 28, 2021.
New York-based private equity firm Crestview Partners established SyBridge Technologies in 2019 and committed $200 million of equity to create a market-leading, value-added manufacturing solutions provider spanning across end-markets, geographies and advanced technological capabilities.
In line with this effort, the acquisition of Action enables SyBridge to better serve its customers in the Midwest region. The addition of this Grand Rapids, Michigan, service center expands SyBridge’s customer service network to five dedicated service facilities in strategic areas across North America.
“Action has been a service-oriented company throughout its 25 year history with an exceptionally strong customer-first mindset and is next door to many of SyBridge’s top customers,” says Andy Aiton, president of SyBridge Tech & Services Business Unit. “The Action acquisition is core to our strategy of supporting customers with dedicated service centers within a closer proximity.”
Moreover, through its acquisition of Lakeshore, SyBridge will have in-house capabilities to design, manufacture, certify and service fixtures, gauges and end-of-arm tooling. This marks a significant step for SyBridge to offer a full suite of industrial technology solutions to customers in mobility, life sciences, consumer products and other industries.
“With the creation of the SyBridge Tech & Services Business Unit last year, we not only continued adding service centers, but also expanded our business scope to fixtures, gauges, end-of-arm tooling, prototyping, additive manufacturing and IoT services,” adds Tony Nardone, CEO of SyBridge. “The acquisition of Lakeshore supports our strategic goal of becoming a leading industrial technology solutions provider.”
