San Francisco investment group Genstar Capital Partners III has reached an agreement to acquire Oregon, Ill.-based Woods Equipment Co., a manufacturer of attachments and implements for the lawn and landscape, agricultural and construction markets.
Completion of the transaction is subject to the approval of Woods' board of directors, Genstar's investment committee, and customary government approvals.
Genstar, which has partnered with former Deere executive Fred Korndorf, plans to expand Wood's multi-faceted business, which includes brand names Woods, Gill, CF, Alitec, Gannon, Wain-Roy, Woodscare and Tisco.
