About Solve Industrial
Solve Industrial is an Industrial Goods & Manufacturing company based in Charlotte (United States) founded in 1963, and was acquired by Audax Private Equity in July 2021. Power transmission components and industrial-grade bearings are manufactured. Solve Industrial has completed 4 acquisitions, including Bearings, MasterDrive and SPB-USA. Its chief executive, as recorded, is Lisa Mitchell. Its focus areas include Industrial Goods and Manufacturing and Manufacturing Services. Its legal entity is Maine Potato Growers, Inc.
Company details
Solve was established in 1963 in Charlotte, United States, within the manufacturing sector. Power transmission components and industrial-grade bearings are produced for industrial applications. Operations center on component fabrication and supply to various industries. The company is headquartered in Charlotte and led by CEO Lisa Mitchell, with a focus on reliable industrial solutions across the United States.
- Headquarters Charlotte, United States
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website solveindustrial.com
- Social LinkedIn X
- Acquired by Audax Private Equity (Jul 2021)
- Legal Name Maine Potato Growers, Inc
- Investors
- Investments & AcquisitionsBearings
& 3 more
- Acquired byAudax Private Equity
(Jul 2021)
Investors in Solve Industrial
Solve Industrial has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Audax Private Equity.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments in middle market companies across North America. | audaxprivateequity.com |
Investor details for Solve Industrial
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People of Solve Industrial
2 people are tracked at Solve Industrial (2 in leadership).
| Name | Role | Group |
|---|---|---|
Lisa Mitchell | CEO | Leadership |
Bradley Troup | Chief Financial Officer | Leadership |
Complete people profiles for Solve Industrial
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Investments & Acquisitions by Solve Industrial
Solve Industrial has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Bearings, MasterDrive and SPB-USA.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Precision ball bearings are manufactured by SPB-USA. | spb-usa.com | Sarasota, United States | 2004 | Feb 2023 | •••• | |
Sheaves, bushings, and couplings are manufactured for industrial use. | masterdrives.com | Fort Atkinson, United States | 1986 | Jun 2022 | •••• | |
Conveyor components are manufactured in Loveland, United States since 1957. | sstbearingcorp.com | Loveland, United States | 1957 | Mar 2022 | •••• | |
Bearings and power transmission systems are manufactured for industrial applications. | bearingslimited.com | Hauppauge, United States | 1947 | Dec 2021 | •••• |
Complete acquisition details for Solve Industrial
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Timeline of Solve Industrial
6 dated milestones of Solve Industrial across 60 years, from founding to its latest funding, stage changes and deals.
- Founded Solve Industrial is founded.
- Exit Acquired by Audax Private Equity.
- Acquisition Acquires Bearings.
- Acquisition Acquires SST Bearing Corporation.
- Acquisition Acquires MasterDrive.
- Acquisition Acquires SPB-USA.
Web traffic of Solve Industrial
The website of Solve Industrial (solveindustrial.com) receives about 7.8K visits a month.
- Monthly visits7.8K
▲ 1.5% vs previous month
Top companies in Contract & Outsourced Manufacturing
3 companies that operate in the same segment as Solve Industrial (Contract & Outsourced Manufacturing) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Designer and producer of intelligent products, automotive electronics manufacturing, and logistics services | 1969 | San Jose, California, United States | USD 5.06 M | USD 27.91 B | 147,980 | |
Equipment and parts for HVAC/R industry are supplied. | 1956 | Miami, Florida, United States | USD 7.24 B | 7,290 | ||
Wood-fired grills are manufactured and supplied by Traeger. | 1987 | Salt Lake City, Utah, United States | USD 559.52 M | 666 |
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Related news about Solve Industrial
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Frequently Asked Questions about Solve Industrial
Solve Industrial was founded in 1963.
Solve Industrial is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
Lisa Mitchell is the CEO of Solve Industrial, as recorded in our data.
Solve was established in 1963 in Charlotte, United States, within the manufacturing sector. Power transmission components and industrial-grade bearings are produced for industrial applications. Operations center on component fabrication and supply to various industries. The company is headquartered in Charlotte and led by CEO Lisa Mitchell, with a focus on reliable industrial solutions across the United States.
Solve Industrial has made 4 acquisitions, including Bearings, MasterDrive, and SPB-USA.
Solve Industrial has 1 investor. Key investors include Audax Private Equity.
Solve Industrial operates through Maine Potato Growers, Inc.
Yes. Solve Industrial was acquired by Audax Private Equity in July 2021.