Hy-Capacity was founded in 1978 as a remanufacturer of agricultural clutches, water pumps and torque amplifiers. Over the years, Hy-Capacity has expanded the product lines to include new items such as seats and cab kits, radiators, air conditioning, engine overhaul kits and many other parts for a wide variety of agricultural equipment. The All Makes Program includes John Deere®, Case-IH®, Long®, Massey Ferguson®, Ford®/New-Holland®, AGCO®, and many others. Since 1997, Hy-Capacity has been the authorized remanufacturer for the AGCO Parts Division in the United States and Canada.

Hy-Capacity's manufacturing facility, general offices and finished goods warehouses are located in Humboldt, Iowa. Hy-Capacity primarily services implement dealers and tractor repair shops throughout the United States and Canada.