Norwest Equity partners buys Sweepster as Paladin add-on

Norwest Equity Partners has purchased Sweepster as a fifth add-on acquisition for construction equipment attachment-maker Paladin. Sweepster manufactures and distributes light construction equipment attachments under two brands, Sweepster and FFC, which will become part of Paladin’s light construction group. The five brands of attachments in the group will be sold and distributed through a sales and product support organization Paladin is forming by combining sales personnel from Sweepster, FFC and Paladin’s light construction group. Norwest Equity Partners, a private equity investment firm, acquired Paladin in October 2003.