Speedgrip Chuck, Inc. has been acquired by an affiliate of the Stratford-Cambridge Group.
Speedgrip was founded in 1946 and operates and distributes its products out of its facility in Elkhart, Ind. The company has a strong commitment to its customers, quality, engineering and its employees. It is a nationally recognized leader in the workholding industry for its ability to engineer and deliver highly customized solutions for its clients around the globe.
Speedgrip attributes its success to consistent and strong relationships with its global client base and strong management team that will remain focused on operating excellence and driving revenue growth through product innovation and customization well into the future.
The acquirer, Stratford-Cambridge Group, is a private investment firm focused on buying and building value within Midwest-headquartered industrial companies.
"Charter worked closely with Speedgrip's ownership to find a successor that would further the company's dedication to customer service and help build upon its existing value-add proposition to its market," said Jason T. Byrd, Managing Director, Charter Capital Partners. "By supporting the current leadership and their future plans for the company, Stratford-Cambridge Group will help elevate Speedgrip to greater levels of financial and operational performance."