Swanson Industries, Inc., a portfolio company of Turnspire Capital Partners LLC, has announced it has acquired the off-highway business of TransAxle Holdings, LLC. The off-highway business is a U.S.-based remanufacturer of transmissions, differentials, hydraulics, axles and brake systems, and related industrial products for numerous off-highway verticals.
Over its 46-year history, the off-highway business has built a reputation for delivering unparalleled capabilities, quality and service. From locations in Pennsauken, New Jersey and Garner, North Carolina, it serves a diverse array of customers across the hard rock mining, metals, construction, aerospace, and marine sectors, among others.
The off-highway business will be rebranded as the Swanson Off-Highway division. Swanson will provide the division with substantial additional capacity and resources, supporting its continued growth through expanded capabilities and enhanced service offerings.
