# USCO to acquire 75% stake in Strickland Tracks

One Equity Partners' portfolio company USCO SpA agreed to acquire a 75% stake in Strickland Tracks Ltd, a designer and assembler of undercarriage frames. The transaction is expected to close in October 2019.

- Type: Acquisition
- Announced: 2019-08-13
- Where: Birmingham, U.K., United Kingdom
- Status: announced
- Products: undercarriage frames, undercarriage parts, ground engaging tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [One Equity Partners](https://endata.com/companies/710.md) (investor)
- [Usco Group](https://endata.com/companies/38273.md) (acquirer)
- [Strickland Tracks](https://endata.com/companies/41293.md) (target)

## Sources

- [oneequity.com](https://www.oneequity.com/news/one-equity-partners-usco-has-agreed-to-acquire-a-75-stake-in-strickland-tracks/), 2019-08-13: "For us, Strickland represents a significant opportunity to enter the OEM segment of the assembly frame for medium-low weight machines as well as to increase our presence in the UK market and to acquire potential fast-growing businesses in China and India."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.