Solve Industrial Motion Group acquires Bearings Limited

<p style="text-align: center;"><img src="/ueditor/php/upload/image/20220223/1645597601727753.png" title="1645597601727753.png" alt="6.png"/></p><p style="text-align: justify;">Solve Industrial Motion Group, a portfolio company of Audax Private Equity, has acquired Bearings Limited, a manufacturer of <a href="https://www.bearing-asia.com/products/catalogue.html" target="_blank" style="color: rgb(0, 112, 192); text-decoration: underline;"><span style="color: rgb(0, 112, 192);"><strong>bearings</strong></span></a> and power transmission components under the Tritan brand.</p><p style="text-align: justify;"><br/></p><p style="text-align: justify;">“We are excited to grow our platform of Solve brands,” said Lisa Mitchell, CEO, Solve. “Bearings Limited and the Tritan line are a natural fit in terms of manufacturing and commercial operations that also share our focus on providing superior customer service.”</p><p style="text-align: justify;"><br/></p><p style="text-align: justify;">Headquartered in&nbsp;Hauppauge, N.Y.,&nbsp;Bearings Limited offers 25,000 Tritan products and serves customers from six regional locations, including Los Angeles, Chicago, Houston, Atlanta, and Columbus, Ohio.</p><p style="text-align: justify;"><br/></p><p style="text-align: justify;">“We are proud of the company that our family has built over the years,” said Mark Magray, Senior Vice-President, Bearings Limited. “Today is a turning point for us and we are excited to begin our next chapter as a member of the Solve family. We believe the partnership will be a win-win opportunity for our dedicated employees, customers, dealers, and distributors.”</p><p><br/></p>