Platinum Equity, a global investment firm, in July purchased Oregon Tool, a 25-year TCIA corporate member company based in Portland, Oregon. American Securities and P2 Capital owned the company, previously known as Blount International, since taking it private in 2016.
Oregon Tool manufactures saw chain and guide bars for chain saws, and lawn-mower blades, agricultural-tractor attachments and a broad range of other products used by professionals and consumers in the forestry, lawn and garden and agricultural end markets. Since its founding in the 1940s, Oregon Tool has grown from a family business into a multinational organization. It sells products in more than 110 countries under multiple professional and consumer brands such as Oregon, Woods and ICS.
“Oregon Tool has a well-deserved reputation for quality, innovation and engineering that dates back nearly 75 years,” says Platinum Equity Partner Louis Samson. “We are committed to building on that legacy and working with the management team to invest in a new generation of growth and expansion.”
Paul Tonnesen, Oregon Tool CEO, will continue to lead the company following the transaction.
“We know that Platinum’s investment will propel our growth and innovation, strengthen our position as industry leaders and continue equipping our professional and DIY customers with the products they need to get the job done,” says Tonnesen.
The transaction is expected to be completed in the fourth quarter of 2021.
