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Centre Lane Partners acquires Global Machine and Workholding Businesses of Hardinge Inc.

Sep 19, 2024•about 1 year ago

Acquiring Company

Centre Lane Partners

Acquired Company

Kellenberger

New YorkGoldachElmiraAngel InvestmentVenture CapitalFinanceFinancial ServicesManufacturingManufacturing

Description

Hardinge Inc. has successfully completed transactions to sell substantially all of its global machine businesses and workholding businesses to affiliates of Centre Lane Partners. The go-forward businesses, Kellenberger and Forkardt Hardinge, will now operate as separate entities under Centre Lane’s ownership with the necessary capital and operational flexibility to invest in growth and better serve their global customer bases.

Company Information

Company

Centre Lane Partners

Location

New York, New York, United States

About

Founded in 2007, Centre Lane Partners is a private investment firm that invests in the equity and debt of middle market companies in North America. Centre Lane employs a flexible strategy that approaches complex situations with a solutions orientation. Centre Lane has an experienced, collaborative and diverse team, and seeks to partner with strong management teams that can benefit from patient, long-term capital and Centre Lane's operational, financial and strategic expertise and support.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed