Last updated on June 30th, 2020 at 04:20 pm
“The combined experience of these two companies will allow rapid response to changing industry needs, will leverage the manufacturing capabilities and will ensure these niche products are available to the global market for decades to come,” said Rick Ruzga, president of Power Test.
Taylor Dynamometer will continue to operate from its Menomonee Valley facility near Miller Park. Jeff Brown, vice president of sales and service, and Larry Golding, vice president of engineering, will lead the facility and report to Ruzga.
The combined company will have around 30 employees in Milwaukee and another 130 in Sussex.
The deal was completed Tuesday but other terms were not disclosed.
Alan Petelinsek, chief executive officer and owner of Power Test, said it “it is a dream come true to combine these two businesses.”
He said he has had an ongoing relationship with former Taylor owner Art Downey over the years which made for a more collaborative effort compared to most acquisitions. The Taylor Dynamometer brand will remain in place going forward and Petelinsek said the theme of the deal was that the companies would be stronger together.
“This allows us to basically do combined manufacturing and we’ll get the synergy of that,” he said.
Both companies have made acquisitions in recent years. Taylor acquired Dyne Systems in 2016 while Power Test added SuperFlow Technologies in 2017 and DYNOmite Dynamometer in March of this year.
Petelinsek said acquisitions are part of Power Test’s strategic growth plans and the company is looking for opportunities that are complimentary to its existing operations.
“It’s been our charted method since 2014,” he said.