CentroMotion today announced the finalization of the previously announced definitive agreement to be acquired by affiliates of Lone Star Funds. CentroMotion is a leading designer and manufacturer of highly engineered products and systems for the industrial and transportation markets encompassing seven key brands: CrossControl, Elliott, Gits, maximatecc, Power-Packer, Weasler Engineering and Carlisle Brake and Friction. The Company will retain its headquarters in Waukesha, WI, and continue to be led by Roger Roundhouse, CentroMotion CEO.

“First, I would like to thank the collective teams that have enabled CentroMotion’s success thus far as we continue to build, improve, and scale CentroMotion as a leader in the portfolio of products and systems which support our premier customers, end market reach, and broad geographic base. CentroMotion is excited about the opportunity to continue on our path of value creation via our plans for further growth and continuous improvement in our business through our partnering with Lone Star,” said Mr. Roundhouse.