- Diversifies Skyway’s customer base and markets served
- Expands its geographic footprint into Southeastern United States
- Builds upon Skyway’s core capabilities as a supplier of close tolerance machining and providing customer solutions
Skyway Precision, Inc. (“Skyway”) is pleased to announce that it has acquired the assets of Bellwright Manufacturing, LLC (“Bellwright”). Bellwright is based in Summerville, SC and manufactures CNC machined components for the commercial truck, agricultural, utility vehicle, automotive and appliance markets. The transaction expands Skyway’s geographic footprint and customer base, while leveraging Skyway’s product and high-quality manufacturing expertise. Bellwright provides Skyway with a strong management team and workforce upon which to grow its customer service capabilities in the Southeast United States. Skyway was advised on the transaction by Donnelly Penman & Partners for investment banking and Giarmarco, Mullins & Horton for legal.
With the completion of the transaction, Skyway continues its focus on providing solutions to its customers. Bill Bonnell, President of Skyway, commented, “We are excited to work with the Bellwright team to enhance our value proposition to our customers. This transaction demonstrates our continued commitment to leadership in our core products and technologies and to creating long-term, value-added partnerships with our customers. We will continue to pursue disciplined organic growth with our customers, as well as strategic acquisitions.”
Skyway, based in Plymouth, MI, is a leader in the machining of complex, close tolerance, iron and aluminum drivetrain components for the transportation and general power markets, including light and heavy commercial truck, recreational vehicle, automotive, marine, construction, agricultural, and power generation equipment applications. Through ingenuity, flexibility and attention to detail, Skyway’s skilled team manufactures high quality, complex, close tolerance products, and is a preferred supplier to many global OEMs.