Greenlee Textron acquires HD Electric

Textron subsidiary Greenlee has acquired HD Electric Co., a designer and manufacturer of power utility products headquartered in Waukegan, Ill. More

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Greenlee Textron acquires HD Electric

Posted 12/31/13

ROCKFORD, Ill. – Textron subsidiary Greenlee has acquired HD Electric Co., a designer and manufacturer of power utility products headquartered in Waukegan, Ill.

HD Electric specializes in test and measurement, controls and system-monitoring, safety and specialty products for the electric power industry. The company employs 38 people and will join the Greenlee family of brands alongside Greenlee, Klauke, Greenlee Communications, and Sherman + Reilly.

“The addition of HD Electric expands and strengthens our capabilities in the power utility segment,” said Scott Hall, president of Greenlee and Textron’s industrial segment. “HD Electric, like Greenlee, has a rich history of innovative products. The combination of HD Electric, Greenlee Utility and Sherman + Reilly allows us to offer a more complete product solution to the power utility customer.”

HD Electric is the second acquisition by Greenlee in the last six months. Earlier this year, Greenlee acquired Sherman + Reilly, a manufacturer of heavy pulling products for distribution and transmission power utility applications.

“We are excited to be joining the Textron Industrial family under the Greenlee division,” said HD Electric General Manager Mark Hoffman. “HDE has delivered safety, efficiency and innovation to the power utility industry for more than 80 years. These priorities are a perfect fit with those of Greenlee, and we look forward to further growth in the years ahead.”

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