Arcline acquires American Holt Corporation
Arcline Investment Management, a growth-oriented private equity firm, has announced that it has acquired a controlling stake in American Holt Corporation from Founder and CEO Jon Levy.
The existing management team, with Arcline’s support, will continue to lead American Holt through its next phase of growth.
American Holt is a leading, technology-enabled provider of aftermarket replacement parts for production and processing machinery used in several high-throughput manufacturing environments. In particular, American Holt specialises in providing aftermarket parts for production equipment in the food and beverage industry.
Arcline commented, “Jon and the American Holt team have built a reputation for market-leading solutions while supporting customers in high-throughput environments. We are excited to partner with management to help them achieve continued success.”
Jon Levy said: “I look forward to partnering with Arcline to accelerate future growth while continuing to support our customers with quality, consistency, and reliability.”