Tool and equipment manufacturer Greenlee, Rockford, Ill., is continuing to beef up its offerings for the power utility market. Last month it announced the acquisition of HD Electric Co. (HDE), Waukegan, Ill., a designer and manufacturer of utility-grade testing, measuring and control equipment. Terms of the deal were not disclosed.
Greenlee, which is part of the giant technology conglomerate Textron, bought Sherman + Reilly in May, which added an array of large cable-handling and wire-pulling equipment widely used by electric utilities in both transmission and distribution systems. The addition of HDE will allow Greenlee to sell those same utility customers voltage and phase meters, voltage detectors, arresters and probes, system monitoring, recording and control equipment, arc-analysis software and utility lighting.
“The addition of HD Electric expands and strengthens our capabilities in the power utility segment,” said Scott Hall, president of Textron’s Industrial Segment and Greenlee. “The combination of HD Electric, Greenlee Utility and Sherman + Reilly allows us to offer a more complete product solution to the power utility customer. We welcome HDE into the Greenlee family.”
HD Electric employs 38 people and will join the Greenlee family of brands alongside Greenlee, Klauke, Greenlee Communications and Sherman + Reilly, said a Greenlee release.
“We are excited to be joining the Textron Industrial family under the Greenlee division,” said Mark Hoffman, general manager, HD Electric. “HDE has delivered safety, efficiency, and innovation to the power utility industry for more than 80 years. These priorities are a perfect fit with those of Greenlee, and we look forward to further growth in the years ahead.”
Textron Inc. is a multi-industry conglomerate with a global network of aircraft, defense, industrial and finance businesses including brands such as Bell Helicopter, Cessna Aircraft, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems.