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Nu-Star, parent company of PowerPusher, acquired by venture capital firm

By Brock Huffstutler

December 17, 2023

Material handling solutions provider Nu-Star, the parent company of PowerPusher®, Shakopee, Minn., has been acquired by Minnesota-based venture capital firm Traction Capital.

Nu-Star said the team members its customers know and trust will continue to be available, and that there will be no disruptions to the company’s day-to-day operations.

The introduction of cutting-edge technologies and advanced solutions into its product line, resulting in improved efficiency, safety and productivity for its customers, are highlights of the new support from Traction Capital, Nu-Star said.

“This acquisition allows us to bring more innovation and expertise to the table, and we are fully dedicated to delivering even higher levels of satisfaction to our customers,” said Scott Lorch, CEO, Nu-Star.

Ryan Blesi, Nu-Star’s vice president of material handling and sales, said, “Traction Capital’s expertise aligns perfectly with our goals to enhance customer service and deliver the best solutions in the industry. We are confident that our collaboration will bring about significant improvements.”