Lubrication Engineers announced Thursday that it has acquired fellow lubricants supplier Southwestern Petroleum Lubricants.
LE, owned by private equity firm Aurora Capital Partners, acquired SWEPCO from an affiliate of DalFort Capital Partners. Terms of the transaction were not disclosed.
The deal is Lubrication Engineers' third acquisition so far in 2025.
SWEPCO, founded in 1933 and based in Fort Worth, Texas, makes and sells specialty greases and lubricating oils for food-grade and industrial applications, including its flagship calcium sulfonate grease solutions as well as branded and private label gear oils, industrial oils, engine oils, and other mission-critical lubricating products.
LE officials said the deal would add in-house calcium sulfonate grease manufacturing and expand its distribution footprint.
"SWEPCO's highly engineered solutions, technological expertise and leading manufacturing capabilities are highly complementary additions to LE," LE CEO Eric Borland said in a statement. "Like LE, SWEPCO has a 70-plus-year legacy of chemical innovation and commitment to asset reliability, and we are thrilled to work together to better serve our customers.”
"This partnership is a clear win for LE, SWEPCO and our respective end users, distribution partners and suppliers," added SWEPCO CEO Craig Foster. "LE's long-standing leadership in industrial lubrication makes it the ideal steward to continue our legacy of innovation and excellence.”
