Ramsey Industries, a Tusla, Okla.-based manufacturer of service cranes, industrial and commercial winches, planetary gear, and digger drives, received a capital investment from Norwest Equity Partners, a middle market investment firm.
The amount of the deal was not disclosed.
The company intends to use the funds for continued innovation, including new product development, as well as both customer and geography footprint expansion.
Led by John Celoni, CEO, Ramsey Industries is a manufacturer of service cranes, industrial and commercial winches, planetary gear, and digger drives. Founded in 1944 by Claude and Rayburn Ramsey as Ramsey Brothers Tool & Die to manufacture aircraft parts, tools, and dies for Douglas Aircraft Company, Ramsey is today comprised of three wholly-owned branded subsidiaries, Auto Crane®, Eskridge®, and Ramsey Winch®.
Auto Crane® designs and manufactures a comprehensive line of truck-mounted electric and hydraulic telescopic cranes, crane service bodies, crane control technologies, accessories, and mobile solutions for the energy, mining, construction, industrial, forestry, and railroad industries.
Eskridge® is a designer, manufacturer and marketer of planetary gear drives and anchor drives, digger drives, and multiple-disc brakes.
Ramsey Winch® designs and manufactures industrial and consumer winches for use in towing and recovery, industrial, petroleum, off-road, and ATV vehicles.
The company operates two facilities in Tulsa, Oklahoma, serving as corporate headquarters and production facility for both Auto Crane® and Ramsey Winch®, and in Olathe, Kansas, where Eskridge® products are manufactured.