Swisher Acquisition Inc., an affiliate of Chevy Chase-based Blackstreet Capital, is buying the assets of Swisher Mower and Machine of Missouri.
Swisher manufactures a variety of lawn and garden power equipment including zero-turn riding mowers, ATV mowers, log splitters, high-wheel string trimmer mowers and a wide range of lawn tractor and ATV attachments.
Swisher Acquisition will distribute products to more than 2,000 outlets worldwide from its Warrensburg, Mo., facility. The purchase price has not been disclosed.
Blackstreet Capital is a private equity firm that focuses on control buyouts of companies that are either underperforming, in out-of-favor industries, or are undergoing some form of transition. Blackstreet seeks investments in a range of industries, including manufacturing/distribution, restaurants, specialty retail, business services, and health care.Swisher Mower and Machine was founded in 1945.