Swisher Acquisition, Inc. (“SAI”), an affiliate of Blackstreet Capital, a Chevy Chase, Md.-based private equity firm, announced Aug. 25 that it purchased the assets of Swisher Mower & Machine Company, Inc.
“We are impressed by Blackstreet’s commitment to excellence and are confident this transition will occur with minimal disruption,” said Swisher CEO Wayne Swisher. “Together, we plan to build on the company’s storied history in ways that benefit employees, customers and suppliers, as well as our community.”
Aldus H. Chapin II, managing director of Blackstreet Capital and chairman of SAI, said, “We are very excited to be working with the talented and dedicated team that has made the Swisher family of products amongst the very best in their industry; this is an exciting addition to our portfolio.”
SAI manufactures a variety of lawn and garden power equipment, including zero-turn riding mowers, ATV mowers, log splitters, high-wheel string trimmer mowers, and a wide range of lawn tractor and ATV attachments. SAI will distribute products to more than 2,000 outlets worldwide from its facility in Warrensburg, Mo.
As the proud manufacturer of the Swisher branded products, SAI intends to continue as an employer in the community by maintaining its headquarters and primary manufacturing facility in Warrensburg.