As they test their new machinery for installing power transmission lines, Sherman and Reilly workers show visiting power company officials their newest product. Manufactured in Chattanooga, company officials say it is the largest such machine ever built.Greenlee, a Textron Inc. company, announced today it is buying Sherman & Reilly, Inc., a Chattanooga-based manufacturer of underground and aerial transmission and distribution products.
Founded in 1927, Sherman & Reilly is the leading U.S. maker of pulling and stringing equipment for the power utility segment and currently employs 110 workers.
Terms of the sale were not disclosed.
Scott Hall, president of Greenlee and the Textron Induutrial Segment, said Sherman & Reilly “is an acknowledged leader in heavy pulling products for distribution and transmission applications” and is “a logical complement” to Greenlee Utility and Gator products.
“Like Greenlee Utility, the company has a strong brand built on innovation and service to the utility professional,” Hall said in a statement announcing the purchase.