On August 17, 2022, HCI Equity Partners (“HCI”), a leading lower middle market private equity firm focused on partnering with family and founder owned manufacturing, service and distribution companies, announced that it has sold its portfolio company Terra Drive Systems, Inc. (“TDS”), a leading global manufacturer of steerable hydraulic drive solutions used in the agricultural, medium and heavy-duty truck, and specialty vocational vehicle markets.
TDS has been an innovator of powered, steerable axles for over 46 years, providing high quality products and reliable, responsive service to its long-term, blue chip customer base. The Company’s product portfolio includes some of the strongest brands in its sectors, including the Mud Hog brand, a recognized leader in the agricultural market, and the EZ Trac brand focused on drive assist systems in the vocational truck market.
Under new ownership, TDS is well positioned to execute on its strategic plan and continue to create value for its employees, customers, and communities.
HCI EQUITY PARTNERS
HCI Equity Partners is a lower market private equity firm focused on partnering with family and founder-owned distribution, manufacturing and service companies. HCI is headquartered in Washington, DC. For more information, please visit www.hciequity.com.
TERRA DRIVE SYSTEMS, INC.
Headquartered in Brookston, Indiana, TDS is a leading designer and manufacturer of hydraulically powered drive assist systems and steer axles for combines and on and off-highway vehicles, serving the agriculture, construction, commercial turf care, and vocational truck markets. The Company’s products improve traction and performance of heavy vehicles, optimizing productivity and efficiency particularly in poor conditions. TDS has built a product portfolio that includes some of the strongest brands in its sectors, including the Mud Hog brand which is a recognized leader in the agricultural market and the EZ Trac brand focused on the vocational truck market. For more information, please visit www.tdsdrive.com.