Waukegan, Ill., Feb. 13, 2026 — PEER Chain & Sprockets President Drew Beadle announced today that it has formed a Growth Committee to accelerate the company’s expansion strategy and build on strong customer and distributor demand driven by what many describe as the “PEER Experience.”
The committee’s formation follows an internal survey conducted in October that gathered input from PEER Chain’s leadership team, plant leaders and key stakeholders. The assessment focused on identifying what the company does well, where it can improve, and how it can better align its strengths in market segments where it is positioned to expand market share. Beadle’s request to form a committee has the full support of the Board of Directors.
The Growth Committee will comprise seven members, including Beadle, an advisory board member, a member of the company’s founding family, external consultants and an expert in mergers and acquisitions protocols. The committee is charged with evaluating growth opportunities that may include acquisitions, alliances, new business development, and product line expansion.
The formation of the committee comes as the global chains and sprockets market continues to expand. Industry analysts cite increased industrial automation and rising demand for efficient power transmission systems as key drivers.
Market Report Analytics projects the market will grow at a compound annual growth rate of 5 percent or more through 2033.
Peer’s Growth Committee will focus on increasing access to customer strategy and deepening the company’s role as a trusted partner.
Original equipment manufacturers and distributors have played a central role in shaping the company’s vision. During Beadle’s first year as president, he conducted a customer tour across the United States, which is a primary customer market for expansion. One message came through consistently.
“Customers kept asking, ‘When are you going to expand your product lines?’” Beadle said. “Those requests are coming because they value the PEER Experience, which includes our quick responsiveness, strong inventory and the way we work alongside our customers.”
For example, in 2025, PEER announced it now can custom bore any size sprocket within days of a customer placing an order. That is one example of a new product offering.
Beadle sees the committee as a catalyst to move PEER Chain beyond incremental gains and toward a more ambitious future.
“We’re proud of what PEER has always done, but we don’t want to be limited by our past successes,” Beadle said. “There’s room for growth, and we’re ready to forge ahead. It’s time to crank up the heat.”
Co-board Chairmen Danny and Glenn Spungen agree saying, “The company will build on its current momentum and evolve from linear growth to exponential growth. We will continue to deliver our industrial roller chain and hub sprocket products that customers value from multiple perspectives, including performance, reliability and partnership.”
“Despite market uncertainties in 2025, PEER thrived. “It gave us time to reflect on and observe key trends in the market,” said Beadle. By formalizing the Growth Committee, PEER Chain is signaling its intent to take a disciplined, customer-driven approach to expansion that honors its legacy while positioning the company for its next phase of growth, he said.
About PEER Chain & Sprockets
PEER Chain & Sprockets is the family-owned and personally managed leading industrial chain provider celebrating its 56th anniversary year. Established in 1969, the fourth Spungen generation of leaders manage their company with the same family attitude toward customers and employees originated by their grandfather and founder Nate Spungen. PEER Chain continues to focus on deep inventory stocks of all the major chains with and without attachments as well as popular sprockets. Its fulfillment center is committed to ship chains and sprockets when a customer needs them. Give PEER a call at 847-250-9249 and experience why PEER Chain is your power transmission source for “Quality Links That Last.”