First publishedon www.ITSInternational.com
Pathfinder Companies has bought control room console provider Winsted Corporation.
Jack Cardwell, previously at 3M, is Winsted’s new CEO. He was at 3M for 27 years, most recently as vice president, marketing and sales operations. Randy Smith will continue as Winsted’s president.
Winsted has been owned and operated by the Hoska family since 1963 but former Winsted owner Steve Hoska said selling was “the right decision for Winsted to move forward”. He added: “We trust the Pathfinder team to support the best long-term interest of the company.”
Pathfinder partner Jack Helms said the acquisition is “an exciting opportunity for us”.