Private equity firm Wynnchurch Capital has sold TH Holdings, which operates under the brands Texas Hydraulics, Hydromotion, and Oilgear, to Fortress Investment Group.
Under Wynnchurch's ownership, Texas Hydraulics expanded its portfolio by acquiring The Oilgear Company in 2018.
TH Holdings operates through three units, serving various heavy-duty sectors including fire and rescue, forestry, mining, and utility.
The hydraulics market is projected to reach $54 billion by 2030, with increasing demand from construction, mining, and energy sectors.