Hardin Industries Acquired By Private Equity Firm
23 August 2016
Hardin Industries, the Lacon, Ill.-based manufacturer of custom generator set enclosures, fuel tanks and trailers, has been acquired by private equity firm Millstone Capital Advisors. Founder Dale Hardin will continue with the company as president, working alongside Becki Salmon who has joined the company as Chief Financial Officer. Financial terms were not disclosed.
“I am enthusiastic about this partnership with the Millstone team,” said Hardin. “Our employees and customers can rest assured knowing that our commitment to a great workplace that delivers superior products will continue well into the future.”
Millstone expects its capital resources to enable Hardin to increase production capacity and efficiencies.
“Hardin has great potential for growth,” said Bob Millstone, managing partner of Millstone Capital Advisors,” building on its reputation for customer satisfaction through high quality products and efficient operations. Dale’s continued leadership, coupled with Becki’s exceptional strategic planning, financial and operating skills will provide impressive leadership for this company going forward.”
Hardin was founded in 1979 and is a provider for many of the world’s standby power suppliers.
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