Stennis Space Center, MS; July 10, 2015 – Power Dynamics LLC, an industry leader in Fluid
Power Systems sells to Carl Liberty, becoming Power Dynamics Innovations LLC.
PDI provides custom built horizontal directional drilling units (HDD), hydraulic power units (HPUs), Winch and Pipeline Tensioning equipment, including its own line of 50-, 80-, and 100-KIP track-type tensioners, pipe handling systems, conveyor systems, cable pulling units, constant tension winches and electronic / PLC control systems. On June 30, 2015, Robert Hancock, Power Dynamics LLC owner and founder, announced that PDI was sold to Carl Liberty, Power Dynamics Vice President of Operations, in a “Structured Asset Purchase”. The acquisition by Mr. Liberty also involved a strategic business alliance with a private investor who will have an equity stake in the newly formed company, Power Dynamics Innovations LLC. With the asset sale, the newly formed company will continue providing worldwide engineering and manufacturing solutions to the fluid power industry.