Edgerton company Certified Parts has added Peerless Gear of Salem, Ind., to its stable of companies that produce parts for outdoor machinery and recreational vehicles.
In a release, Certified Parts owner Jim Grafft announced his company has bought the assets of Peerless Gear, which makes transmission systems, pumps and motors used in outdoor power equipment.
Certified Parts did not disclose terms of the acquisition, although the company said Peerless’s tooling, designs and intellectual property transferred with the sale, which was effective June 1.
Under the acquisition, Certified Parts takes over Peerless’s Indiana manufacturing plant, but Peerless remains a “standalone” entity, according to the release.
Certified Parts and companies under its umbrella, including Comet clutches, TemcumsehPower/Lauson engines, are manufacturers of original parts and components used in several major brands of outdoor power and recreational vehicles.
Peerless produces transmissions, gearboxes and other components used by companies including Husqvarna, Toro, Troy-Bilt, Cub Cadet, Poulan and Snapper.
Grafft said the acquisition of Peerless would increase product offerings by Certified Parts. He said Peerless already has an “extensive” network of dealers and customer support.