Winsted Acquired by Private Equity Firm, Pathfinder Companies
Winsted finds new path.
Winsted has been acquired by Pathfinder Companies, a privately held investment and advisory firm, for undisclosed terms.
Established 1963, Winsted is a global provider of control room console solutions. Owned and operated by the Hoska family since its inception, the company has worked to create control room consoles and command centres that improve operator comfort and optimize efficiency. There are many Winsted consoles in security control rooms around Australia.
“Our philosophy aligned with Pathfinder’s so well, that it confirmed this was the right decision for Winsted to move forward as a company,” says Steve Hoska, former Winsted owner. “We trust the Pathfinder team to support the best long-term interest of the company.”
Jack Cardwell will serve as the company’s new CEO. Previously, Cardwell served at 3M for 27 years, most recently in the role of vice president of marketing and sales operations.
Randy Smith will continue as president of the company – Smith and Cardwell will also be part of the new ownership group and will work closely together to lead the company’s executive team.
“Thanks to the Hoska family’s tremendous leadership and the team of committed employees, Winsted is a proud leader in the control room industry,” Smith says. “We are excited for what this next chapter will bring and pledge to continue to build and support the Hoska family legacy.”
According to Winsted, operations will remain unchanged as the company continue to provide the highest level of quality consoles and customer services.