H-D Advanced Manufacturing recently announced that it acquired Intellifuse Technologies LLC, the sixth acquisition completed by H-D in the two years since it was formed in December of 2012.
Intellifuse joins Overton Chicago Gear Corporation, a manufacturer of large, heavy duty gears and gearboxes; Innovative Mechanical Solutions (iMECH), a manufacturer of highly engineered, custom bearings for the downhole mud motor industry; Leading Edge Heat Treating Services Ltd., a provider of heat treating solutions; Sungear, a manufacturer of high precision gears and assemblies for the aerospace industry; and Crown, a manufacturer of specialty components used in hydraulic actuation systems for commercial aircraft.
Located in Houston, TX, Intellifuse leverages its carbide-based proprietary coating technology to deliver radial bearings, pads and other wear products. The addition of radial bearings to the H-D product portfolio is expected to complement the existing thrust bearings currently offered by iMECH. Both of these products are incorporated into the downhole drilling motors used by oil and gas companies and will operate out of a new facility in Houston, TX.
Intellifuse’s co-founders, Mike Speckert and Majid Delpassand, will remain with the business. Speckert will be the manager of U.S. operations for the combined iMECH and Intellifuse business, while Delpassand will serve as an advisor to the company.
“Intellifuse’s coated radial bearings are proven in the market and represent an outstanding, complementary line extension for iMECH,” said H-D CEO Chris DiSantis. “Intellifuse and iMECH are both experts in the manufacture of downhole mud motor components. We will now be able to provide our customers with another durable solution that enhances drilling efficiency, reduces cost per circulating hour, and allows for higher asset utilization.”
“H-D shares our vision for growth and can provide the resources required to invest in facilities, equipment and product development,” said Mr. Speckert. “We’re excited to partner with H-D and look forward to expanding our relationships with both new and existing customers.”
H-D was formed in December 2012 by a partnership among Hicks Equity Partners, The Riverside Company and Weinberg Capital Group to acquire and develop manufacturers of mission-critical, precision engineered components.