Black Phoenix Group acquires PACCAR Winch

Bryce Fisher, Partner, The Black Phoenix Group

The Black Phoenix Group (BPG), a private investment firm dedicated to investing in American businesses, has officially acquired PACCAR Winch, a leading manufacturer of industrial winches, hoists, and drive systems. The acquisition from PACCAR was finalized on October 31, 2024, with undisclosed financial terms.

PACCAR Winch produces a range of products under its reputable BRADEN, CARCO and Gearmatic brands. This acquisition aligns with BPG’s growth strategy, marking a significant expansion of its industrial holdings. PACCAR Winch will maintain its current management team and continue business operations as usual under BPG’s ownership.

Mark Pickett, Partner, The Black Phoenix Group

Commenting on the acquisition, Bryce Fisher and Mark Pickett, partners at The Black Phoenix Group, expressed their excitement: “We are thrilled to welcome PACCAR Winch into the Black Phoenix Group family. The Company’s strong market position and commitment to quality align perfectly with our mission to invest in leading American businesses with outstanding management teams.”

“Joining forces with Black Phoenix Group empowers us to continue our legacy of excellence in manufacturing while pursuing new growth avenues,” added Mike Rogers, CEO, PACCAR Winch. “Their support will help enhance our capabilities and broaden our market reach.”