benzinga47d ago
Birmingham, MI, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Angle Advisors is pleased to announce that Riverside Spline & Gear Inc. has been acquired by Sumitomo Drive Technologies, a division of Sumitomo Heavy Industries, Ltd. (TSE: 6302). Angle Advisors acted as the exclusive investment banking advisor to Riverside Spline & Gear in connection with the transaction.Riverside Spline & Gear has been acquired by Sumitomo Drive TechnologiesHeadquartered in Marine City, Michigan, Riverside Spline & Gear Inc. ("Riverside" or the "Company") is a leading manufacturer of low- to medium-volume engineered gears and shafts for a wide array of industrial applications. The Company is recognized for its rapid response times, high quality, and efficient operations. In addition to original equipment applications, the Company offers critical repair and replacement services, particularly in breakdown situations. Riverside serves a diverse customer base across multiple industrial end markets, including mining, food processing, oil and gas, steel, and general industrial applications. Producing finished gears from three to 55 inches in diameter at tolerances compliant with AGMA Q15 specifications, the Company's vertically integrated manufacturing capabilities include high-precision gear grinding, hobbing, shaping, turning, milling, EDM, inspection and assembly. For additional information, please visit www.splineandgear.com."We are extremely excited about our partnership with Sumitomo Drive Technologies, whom we view as an excellent steward of the business my father founded in 1963," said Aaron Forest, President & CEO of Riverside Spline & ...Full story available on Benzinga.com