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SyBridge Technologies SyBridge a global industrial technology company announced today that it has completed the acquisition of Action Tooling LLC Action and Lakeshore Fixture Gauge Ltd. Lakeshore. Both transactions further expand SyBridges Tech Services business unit and make SyBridge an end-to-end solutions provider. Action and Lakeshore represent SyBridges fifth and sixth acquisitions in 2021.New York based private equity firm Crestview Partners established SyBridge Technologies in 2019 and committed 200 million of equity to create a market leading value-added manufacturing solutions provider spanning across end-markets geographies and advanced technological capabilities.The acquisition of Action enables SyBridge to better serve its customers in the Midwest region. The addition of this Grand Rapids Michigan service center expands SyBridges customer service network to five dedicated service facilities in strategic areas across North America.Through its acquisition of Lakeshore SyBridge will have in-house capabilities to design manufacture certify and service fixtures gauges and end-of-arm tooling. This marks a significant step for SyBridge to offer a full suite of industrial technology solutions to customers in mobility life sciences consumer products and other industries.Action has been a service-oriented company throughout its 25 year history with an exceptionally strong customer-first mindset and is next door to many of SyBridges top customers said Andy Aiton President of SyBridge Tech Services Business Unit. The Action acquisition is core to our strategy of supporting customers with dedicated service centers within a closer proximity.Tony Nardone CEO of SyBridge added With the creation of the SyBridge Tech Services Business Unit last year we not only continued adding service centers but also expanded our business scope to fixtures gauges end-of-arm tooling prototyping additive manufacturing and IoT services. The acquisition of Lakeshore supports our strategic goal of becoming a leading industrial technology solutions provider.
