SOUTHFIELD—SyBridge Technologies, a manufacturing technology provider, announced the completion of the acquisitions of Action Tooling LLC and Lakeshore Fixture & Gauge Ltd. Both transactions further expand SyBridge’s technology and services business unit and are SyBridge’s fifth and sixth acquisitions in 2021.
The New York City-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.
The acquisition of Action enables SyBridge to better serve its customers in the Midwest region. The addition of this Grand Rapids service center expands SyBridge’s customer service network to five dedicated service facilities in strategic areas across North America.
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.
: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,” said Andy Aiton, president of the SyBridge technology and services business unit. “The Action acquisition is core to our strategy of supporting customers with dedicated service centers within a closer proximity.”
Added SyBridge CEO Tony Nardone: “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. The acquisition of Lakeshore supports our strategic goal of becoming a leading industrial technology solutions provider.”
Founded in 1997, Action Mold and Machining and its tooling division, Action Tooling, are based in Grand Rapids. Founded in 1996, Lakeshore Fixture & Gauge manufactures fixtures and gauges for the automotive and other industries. It is located in Windsor, Ontario.
More at www.sybridgetech.com.