Oregon Tool Ownership Changes Hands
Oregon Tool, parent company if construction equipment manufacturers ICS and Pentruder, has been acquired by the Platinum Equity global investment firm. To be completed by the end of 2021, the deal will help the manufacturer continue product innovation and global expansion. The company, which was rebranded earlier this year from Blount International, has been co-owned by investment firms American Securities and P2 Capital since 2016. Oregon Tool CEO Paul Tonnesen will continue to lead the company following the transaction. With more than 3,200 employees, the Portland, Ore.-based company sells its products in more 110 countries under the Oregon, Woods, ICS, Pentruder, Merit, Carlton and SpeeCo brands.