Private equity firms including Weinberg Capital Group (WCG), The Riverside Group and Hicks Equity Partners have joined forces to purchase the Overton Chicago Gear Corporation, for an undisclosed price.
Overton manufactures gears for wind turbines, energy exploration and mining, among other applications.
The company employs more than 200 people across three factories in the Chicago area.
Chip Weinberg, managing director & principal at WCG, said, “We are very pleased to once again be partnering with Chris DiSantis.
“Overton is a world class company and an excellent initial platform. Under [DeSantis’] leadership and with the assistance of our other partners we look forward to building a global leader in the precision machining of parts for extreme operating environments.”
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