Solve Industrial Motion Group Acquires MasterDrive

July 28, 2022

Solve Industrial Motion Group, a Charlotte-based manufacturer and distributor of bearings and power-transmission components and a portfolio company of Audax Private Equity, acquired MasterDrive, Inc., a supplier and manufacturer of sheaves, belts, timing pulleys and couplings based in Fort Atkinson, Wisconsin. The add-on expands Solve's product offering and stocking footprint in power transmission drive components, combining MasterDrive's ~9,000 SKUs and 12 stocking locations with Solve's broader distribution network and product catalog.

Buyers
Solve Industrial Motion Group, Audax Private Equity
Targets
MasterDrive, Inc.
Platforms
Solve Industrial Motion Group
Industry
Manufacturing
Location
Wisconsin, United States
Transaction Type
Addon

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