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“This acquisition presents great potential for Harvey Performance,” said Jerry Gleisner, Harvey’s senior vice president of sales. “It provides Harvey’s North American customers with exposure to some of the best industrial cutting tools that Europe has to offer.”

Tungsten carbide is widely used in a variety of industrial applications where durability, wear resistance, and reliability are essential. It is commonly found in cutting tools, machining inserts, drill bits, and saw blades for metalworking, woodworking, and mining operations. Tungsten carbide is also used in wear parts, such as bearings, seals, and valve components, as well as in bulk tungsten weights and tungsten buffer weights for automotive, aerospace, and sporting applications.

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Harvey Performance Company, a provider of carbide end mills and cutting tools and a portfolio company of Berkshire Partners, has acquired ATA Group.

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Killygarry, Ireland-headquartered ATA, led by CEO Peter Cosgrove with more than 450 employees, was founded in 1963 and has seven manufacturing facilities worldwide with operations in the United Kingdom, United States, Germany, The Netherlands, and Switzerland.

Harvey, led by CEO Brian Lavelle, was founded in 1985 and is headquartered north of Boston in Rowley, Massachusetts. “We couldn’t be more excited about welcoming ATA to the Harvey Performance family,” said Mr. Lavelle. “This acquisition represents a milestone in the proud history of the company and further establishes our integrated, international business comprised of distinctive brands and product lines.”

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ATA Group manufactures and distributes over 25,000 SKUs of industrial cutting tools to more than 7,500 customers in 90 countries that operate in the aerospace, automotive, power generation, transportation, energy, metal fabrication, marine and foundry sectors.

Harvey Performance Company designs and manufactures specialized cutting tools used to cut and shape metals in precision machining applications. Customers of the company are active in the aerospace and defense, medical, automotive, industrial motors and telecommunications sectors. Harvey’s brands include Harvey Tool, Helical Solutions, Micro 100, Titan USA, CoreHog, and Valor Holemaking brands.

While tungsten carbide is highly resistant to tarnishing and corrosion, its performance may be influenced by environmental factors such as temperature, humidity, and chemical exposure. In extreme conditions, such as prolonged exposure to acidic or alkaline solutions, high temperatures, or abrasive media, tungsten carbide may experience some degree of degradation. However, compared to other materials, tungsten carbide remains relatively stable and retains its structural integrity in most environments.

Tungsten carbide is known for its exceptional durability, hardness, and resistance to tarnishing and corrosion. As a composite material composed of tungsten and carbon atoms, tungsten carbide exhibits remarkable stability and maintains its appearance and performance over time, even in challenging environments.

Company owned brands include Karnasch, SGSPRO, ATA Tools, Van Hoorn Carbide, Industrial Tooling Corporation, and Garryson. ATA’s 2024 revenue is estimated to be €110 million in 2024 with an EBITDA of €23.5 million, a 21.4% EBITDA margin.

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Tungsten carbide is a composite material composed of tungsten (W) and carbon (C) atoms, typically in a ratio of 1:1. It is produced through a powder metallurgy process, where tungsten powder and carbon black are combined, compacted under high pressure, and sintered at extreme temperatures to form a dense and hard structure. Tungsten carbide exhibits remarkable properties, including high hardness, thermal conductivity, and resistance to abrasion, making it an ideal material for demanding applications.

Berkshire Partners invests from $150 million to $500 million of equity capital in mid-sized companies that are valued from $200 million to $2 billion and that operate in the consumer, healthcare, services, industrial, and technology & communications sectors. Berkshire Partners was founded in 1986 and is headquartered in Boston.

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“We are excited for the many growth opportunities enabled by the combination of Harvey Performance and ATA’s highly complementary offerings and talented leadership teams,” said Ted Rainaud, a managing director at Berkshire Partners. “This acquisition represents a significant expansion of Harvey Performance’s product offering and geographic presence. We look forward to supporting the continued growth and expansion of the combined business.”

By using the exceptional properties of tungsten carbide, industries can achieve superior results and drive innovation in various sectors. We are the leading Tungsten manufacturer in the USA. Contact us today to learn more about our superior tungsten parts and products.

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“ATA is delighted to join Harvey Performance Company, with whom we share a unified global vision for the future,” said Mr. Cosgrove. “We’re focused on expanding Harvey Performance’s brands across Europe and beyond while introducing ATA’s leading brands to Harvey Performance’s customers. I am honored to join the Harvey Performance board. Our management team is looking forward to collaborating with our new colleagues, and our primary focus remains on driving business growth globally.”

Piper Sandler was the financial advisor to Harvey Performance Company and Berkshire Partners on the acquisition of ATA. Houlihan Lokey was the advisor to ATA.

ATA is a portfolio company of Dublin-headquartered Development Capital and the sovereign wealth fund Ireland Strategic Investment Fund (ISIF). Development Capital first invested in ATA Group in 2017 and ISIF invested in the business in 2019 to back the acquisition of Karnasch Professional Tools, a German cutting tool specialist. With the sale to Harvey, both Development Capital and ISIF are exiting their investment in ATA.

Whether used in cutting tools, wear parts, or other industrial applications, tungsten carbide offers unmatched reliability and longevity, making it a preferred choice for manufacturers, engineers, and consumers alike. When sourcing tungsten carbide parts or products, it is essential to partner with reliable tungsten carbide parts manufacturers to ensure quality, consistency, and performance in your applications.

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One of the key advantages of tungsten carbide is its excellent resistance to tarnishing and corrosion. Unlike some other metals and alloys, tungsten carbide does not tarnish or oxidize when exposed to air or moisture. This inherent resistance to corrosion is due to the formation of a thin, adherent oxide layer on the surface of the material, which protects it from further degradation. As a result, tungsten carbide maintains its appearance and performance over time, even in harsh environments.

Tungsten carbide, renowned for its exceptional hardness, toughness, and wear resistance, is widely used in various industrial applications, from cutting tools and machining inserts to jewelry and sporting equipment. However, one common question that arises among users is whether tungsten carbide tarnishes over time. Let’s explore the exceptional properties of tungsten carbide, its resistance to tarnishing and corrosion, and how it performs in different environments.

Berkshire Partners acquired a majority stake in Harvey in November 2021 from Summit Partners which had acquired the business in October 2017 from The Riverside Company.

Harvey’s acquisition of ATA provides the business with an international platform for continued growth and expansion and gives the company’s North American customers access to European industrial cutting tools, while allowing for expansion of Harvey Performance’s brands across Europe. The global cutting tool market is estimated to be over $20 billion. With increasing demand for precision machining across industries like aerospace, automotive, and electronics, the market is expected to see continued growth.