Altus Capital Partners II, L.P. Acquires Nichols Portland from Parker Hannifin

March 11, 2016

Altus Capital Partners, an investment firm focused on middle market manufacturing companies in the USA, has announced the acquisition of Nichols Portland, a division of Parker Hannifin Corporation. Nichols Portland is a leading manufacturer of precision Powder Metallurgy fixed and variable displacement gears including gerotor gears and smart pumps for automotive and on-off highway and other industrial markets.  

Altus Capital along with the management team of Nichols Portland are reported to have made this investment in order to participate in the expected growth of smart pump and advanced variable vane gears. The financial terms of the investment were not disclosed.

Nichols Portland was founded in 1904 as WH Nichols and has its manufacturing operations headquarters in Portland, Maine, USA. The company’s business comprises Powder Metallurgy and steel components for fixed and variable displacement pumps and the smart pump business comprises mechanical and electronically driven fuel and oil pumps.

Altus and the management of Nichols Portland believe that demand for smart pump and advanced variable vane gears will increase based upon these products ability to offer increased fuel and motor efficiency.

“We are very excited to be partnering with Altus Capital Partners as we continue to grow. Nichols Portland has consistently built on its foundation of innovation and engineering excellence and we look forward to the resources that Altus Capital can provide to help us achieve our strategic growth objectives,” stated Rick Izor, Nichols Portland’s General Manager.

Russell Greenberg, Managing Partner of Altus Capital, added, “Altus is enthusiastic to partner with Nichols Portland’s management team in acquiring an industry  leader in the designing and manufacturing powder metal gerotor gears and a growing developer of innovative smart pumps for fuel applications. We recognise and value management’s depth of capabilities along with the Company’s exceptional technological advancements, which has earned Nichols Portland its industry leadership position.”  

www.gerotor.net  

www.altuscapitalpartners.com 

Powder Metallurgy Review magazine cover

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Hot Isostatic Pressing for the production of large, near-net shape components
  • Safeguarding PM part usage in a new automotive industry
  • How to make metal powders., Part 3
  • Company profile: Jiangxi Yuean Advanced Materials

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

From the industry…

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
Download PDF
Share via
Copy link