Rowley, Massachusetts and Meridian, Idaho – Harvey Performance Co., a provider of specialized cutting tools for precision machining applications through the Harvey Tool and Helical Solutions brands, acquired Micro 100. Based in Meridian, Idaho, Micro 100, an innovator in turning tools, specializes in internal boring, grooving, and threading tools and milling tools. Micro 100’s position in the turning and milling categories makes it a fit with the Harvey Performance portfolio of brands. Its products complement Harvey Tool’s miniature and specialty profile tooling and Helical Solutions’ high- performance end mill selection.
“We are on a journey to assemble and build a world-class company made up of outstanding brands and product lines supported by incredible people,” says Pete Jenkins CEO, Harvey Performance. “The addition of Micro 100 products to the Harvey Performance portfolio will help accelerate our ability to do just that. Micro 100 has a demonstrated dedication to quality products, excellent reputation and outstanding service – all traits that are consistent with the Harvey Performance way of doing business.”
“The Harvey Tool and Helical Solutions brands serve some of the most advanced and demanding end users in the industry,” notes Jerry Gleisner, senior vice president of sales, Harvey Performance. “Micro 100’s product line, particularly their strong focus in turning tooling, will allow us to offer additional capabilities and value to our distributors and end users.”
Moving forward, the Harvey Performance team will focus on scaling and growing each of the company’s three brands.
“We will continue to manufacture Helical Solutions product in our Gorham, Maine facility and Micro 100 product in the Meridian, Idaho location,” says Brian McKahan, vice president of operations, Harvey Performance. “We have plans for significant investment and growth across all of our brands.”
The acquisition of Micro 100 better positions Harvey Performance and its brands to compete and grow.
“One thing that is a constant in our business is change, with regular consolidation amongst our competitors, our distributors and our end users,” Jenkins says. “We will continue to look to expand our product portfolio through acquisition. Scale matters, and we believe that – through thoughtful assembly of brands and products – we can enhance the end users’ productivity and increasingly earn their business.”
Harvey Performance is backed by global growth investor Summit Partners. Jay Pauley, Summit Partners managing director and member of the Harvey Performance board, reiterated the strategic importance of this acquisition. “Micro 100 is a growth business with products that complement the Harvey Performance suite extremely well. We are excited to welcome the Micro 100 team to the Harvey Performance Company Family.”