Berkshire Partners to acquire Harvey Performance from Summit Partners.

Berkshire Partners, a private equity firm, agreed to acquire Harvey Performance, a designer and manufacturer of specialized cutting tools for precision machining applications, from Summit Partners, a private equity investment firm. Financial terms were not disclosed. “The Harvey business system is a proven, best-in-class model for driving growth and creating meaningful value for all stakeholders. Harvey is also a company that understands the value of broad employee engagement and ensuring an equitable and inclusive culture so that all employees benefit from their hard work,” Mike Ascione, Berkshire Partners Managing Director.