Based in Gorham, Maine, Helical Solutions (www.1helical.com) is a leading manufacturer of high performance solid carbide end mills serving a diverse North American customer base. Helical Solutions offers more than 3,000 SKUs, in both standard and custom shapes, which allow its customers to reduce machining time and save money when compared to using conventional cutting tools.
Since 1985, Harvey Tool has been providing specialty carbide end mills and cutting tools to the metalworking industry. It is recognized as a leader in its offerings because of unsurpassed technical expertise and engineering knowhow. The company is based in Rowley, Massachusetts and serves customers throughout North America
The Riverside Company is a global private equity firm focused on acquiring and investing in growing businesses valued at up to $300 million. Since its founding in 1988, Riverside has invested in more than 390 transactions. The firm’s international portfolio includes more than 80 companies.
Helical Solutions LLC (“Helical Solutions” or “the Company”) announced that it has been acquired by Harvey Tool Company (“Harvey Tool”), a portfolio company of The Riverside Company. This transaction is the successful culmination of an initiative led by Bigelow LLC on behalf of Helical Solutions to proactively seek out the best new majority shareholder for the Company.
“At Helical Solutions, we have been committed to providing the highest levels of quality, technical support and service to our customers. We have never been better positioned to serve our distributors and end-users, and with the support of Harvey Tool and The Riverside Company, we are accelerating our capabilities and solutions.” David McCulloch, Former Majority Shareholder Helical Solutions
“Helical Solutions is a growing company that complements Harvey Tool extremely well. While both companies make precision tooling, Helical Solutions has an excellent market position in the larger diameter end mill segment, including a strong specials offering. We see many avenues for organic growth and benefits for these two leading end mill brands. Helical Solutions has earned an exceptional reputation with customers thanks to its solutions-based customer service approach. Few companies can match its technical talent and high-touch service.” Chris Jones, Partner Riverside