
Harvey Performance
Provider of cutting tools for precision machining applications.
Date | Investors | Amount | Round |
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investor | €0.0 | round | |
investor | €0.0 | round | |
N/A | Buyout | ||
Total Funding | 000k |
In 1985, John Harvey founded the Harvey Tool Company, spotting an opportunity to provide niche, hard-to-find cutting tools for precision manufacturing. The company started small, with an initial catalog featuring just 64 tools. A key strategic shift occurred in 2002 when the company decided to sell exclusively through distributors, strengthening those partnerships to better serve end-users. The next chapter began in 2007 when Peter Jenkins, who had joined as President three years prior, purchased the company from its founder. Jenkins brought seasoned management experience and a focus on growth. This set the stage for a series of acquisitions, starting with Helical Solutions in 2015, which led to the formation of the parent company, Harvey Performance Company, in 2017. The company continued to expand its brand portfolio by acquiring Micro 100, Titan USA, and CoreHog in subsequent years. This growth attracted significant outside investment. In 2017, Harvey Performance was acquired by private equity firm Summit Partners. The partnership fueled further organic growth and acquisitions. By 2021, the company had grown substantially, leading to another major event: a majority investment acquisition by Berkshire Partners, a Boston-based firm. Today, Harvey Performance operates as a leading designer and manufacturer of specialized cutting tools under multiple brands, serving demanding industries like aerospace, defense, and medical devices.
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