Solve Industrial Motion Group acquires Bearings Limited
Solve Industrial Motion Group, a portfolio company of Audax Private Equity, has acquired Bearings Limited, a manufacturer of bearings and power transmission components under the Tritan brand.
“We are excited to grow our platform of Solve brands,” said Lisa Mitchell, CEO, Solve. “Bearings Limited and the Tritan line are a natural fit in terms of manufacturing and commercial operations that also share our focus on providing superior customer service.”
Headquartered in Hauppauge, N.Y., Bearings Limited offers 25,000 Tritan products and serves customers from six regional locations, including Los Angeles, Chicago, Houston, Atlanta, and Columbus, Ohio.
“We are proud of the company that our family has built over the years,” said Mark Magray, Senior Vice-President, Bearings Limited. “Today is a turning point for us and we are excited to begin our next chapter as a member of the Solve family. We believe the partnership will be a win-win opportunity for our dedicated employees, customers, dealers, and distributors.”
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