Edgewater Acquires Horsburgh & Scott Co.
CHICAGO – Edgewater Growth Capital Partners II LP is pleased to announce the recently completed acquisition of Horsburgh & Scott Co. (H&S), which is headquartered in Cleveland. H&S is a leading manufacturer of large-diameter industrial gears and custom mechanical gear drives.
The company also provides specialized services including heat treatment, technical solutions and on-site customer service. The acquisition was completed in partnership with Edgewater affiliate Bolder Capital LLC and the management team at H&S.
H&S products are used in a variety of applications in the steel, mining, sugar, aluminum and power-generation industries.
The company’s large-diameter gears also are critical components for alternative power-generating wind turbines, which represents a high-growth opportunity for H&S. Edgewater is working closely with management to further grow the business by investing in equipment to open up new end-user markets.