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In 1924, the original Milwaukee Electric Tool Corporation was established by Albert Siebert from assets of the A.H. Petersen Manufacturing Company of Milwaukee, Wisconsin.

In 1976, the Siebert Lutheran Foundation sold its interest in Milwaukee Electric Tool Company to Amstar Corporation (formerly known as American Sugar Company) of New York.

In 1993, Amstar merged with Essex Industries, a lock and door company, to form Esstar Corporation.

In 1995, Esstar sold Milwaukee Electric Tool Company to Atlas Copco of Sweden.

In 2005, Atlas Copco sold Milwaukee Electric Tool (and Atlas Copco Electric Tools) to Techtronic Industries (TTI) of Hong Kong.

In addition to Milwaukee, TTI's brands currently include Ryobi, AEG, and Homelite. One World Technologies, a wholly owned subsidiary of TTI, also manufactures RIDGID® woodworking tools for Emerson Professional Tools.

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