M&A Deal Summary

Renovo Capital Acquires Rochester Gauges

On June 12, 2018, private equity firm Renovo Capital acquired test/measurement equipment company Rochester Gauges from Gas Equipment

Acquisition Highlights
  • This is Renovo Capital’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Renovo Capital’s 11th transaction in the United States.
  • This is Renovo Capital’s 3rd transaction in Texas.

M&A Deal Summary

Date 2018-06-12
Target Rochester Gauges
Sector Test/Measurement Equipment
Buyer(s) Renovo Capital
Sellers(s) Gas Equipment
Deal Type Divestiture

Target

Rochester Gauges

Dallas, Texas, United States
website
Rochester Gauges, Inc. is a manufacturer of gauges and sensors that measure liquid levels of various fuels, including propane, gasoline and diesel for various applications, such as residential and commercial propane tanks, forklifts, RV’s, lawn and garden equipment, tractors and personal aircraft. Rochester has manufacturing facilities in Dallas, Texas; Mexico City, Mexico; Brussels, Belgium with a sales office in Shanghai, China.

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Buyer(S) 1

Buyer
DESCRIPTION

Renovo Capital is a private equity firm focused on partnering with business owners, entrepreneurs and management teams to invest in businesses undergoing varying degrees of operational, financial or market-driven change. Renovo Capital will consider opportunities throughout North America and looks to commit $10 to $50 million per transaction. Sectors of interest include niche manufacturing, business services, energy services, technology, and e-commerce. Renovo Capital was formed in 2009 and is based in Dallas, Texas.


DEAL STATS #
Overall 11 of 13
Sector (Test/Measurement Equipment) 1 of 1
Type (Divestiture) 3 of 3
State (Texas) 3 of 3
Country (United States) 11 of 12
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-04 Global HR

Fort Myers, Florida, United States

Global HR provides a comprehensive suite of employee testing, screening, and compliance management solutions to a diverse set of end markets. GHRR, which manages complex needs throughout the employee lifecycle, differentiates itself through best-in-class service levels, expertise within healthcare and other specialized industries, an intuitive technology platform and user interface, and the strength of its integration into customer platforms. Global HR was founded in 2005 and is headquartered in Fort Myers, Florida.

Buy $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-08 ATTOM Data Solutions

Irvine, California, United States

ATTOM Data Solutions provides premium property data to power products that improve transparency, innovation, efficiency, and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation's population. ATTOM Data Solutions was founded in 1996 and is based in Irvine, California.

Sell -

Seller(S) 1

SELLER

Gas Equipment

Lawrenceville, Georgia, United States

website


Category Company
Founded 1937
Sector Energy Services and Equipment
DESCRIPTION

Gas Equipment Co. Inc. is an integrated warehouse distributor of in-process, transfer and control equipment for oil and gas producers, transporters, and LP-Gas marketers. GEC marks a milestone in 2017 celebrating our 80th anniversary in business serving the LP-Gas industry, providing premier product lines with factory trained and experienced staff throughout ten warehouse sales branches strategically located in a large geographic distribution network across the central, southern and eastern U.S.


DEAL STATS #
Overall 1 of 1
Sector (Test/Measurement Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1