M&A Deal Summary

One Equity Partners Acquires Resolute Industrial

On September 30, 2015, private equity firm One Equity Partners acquired manufacturer Resolute Industrial from Johnson Controls

Acquisition Highlights
  • This is One Equity Partners’ 6th transaction in the Manufacturing sector.
  • This is One Equity Partners’ 34th transaction in the United States.
  • This is One Equity Partners’ 1st transaction in Indiana.
Investment Fate
  • Resolute Industrial was sold to a consortium of financial buyers in 2019.
  • Resolute Industrial was sold to a publicly-traded strategic buyer in 2022 for 440M USD.

M&A Deal Summary

Date 2015-09-30
Target Resolute Industrial
Sector Manufacturing
Buyer(s) One Equity Partners
Sellers(s) Johnson Controls
Deal Type Divestiture

Target

Resolute Industrial

Indianapolis, Indiana, United States
Resolute Industrial is an independent provider of specialty HVAC&R rental services, compressor remanufacturing, and refrigerant storage solutions for mission critical applications across North America. Resolute Industrial was founded in 2015 and is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $150 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York, New York.


DEAL STATS #
Overall 59 of 131
Sector (Manufacturing) 6 of 16
Type (Divestiture) 8 of 29
State (Indiana) 1 of 1
Country (United States) 34 of 78
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-23 Duropack

Vienna, Austria

Duropack GmbH paper and corrugated board manufacturer in Central, East and South Eastern Europe. It provides innovative customer-oriented niche products and services and is a specialist for heavy duty goods, high-flexo and multicolor printing for a variety of customer branches.

Sell €300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 Wright Medical Group

Arlington, Tennessee, United States

Wright Medical Group, Inc. is an orthopedic medical device company specializing in the development and marketing of reconstructive joint devices and bio-orthopedics.

Sell -

Seller(S) 1

SELLER

Johnson Controls

Cork, Ireland

Category Company
Founded 1885
Sector Diversified
Employees102,000
Revenue 26.8B USD (2023)
DESCRIPTION
Johnson Controls' operational headquarters in Milwaukee, Wisconsin.
Johnson Controls' operational headquarters in Milwaukee, Wisconsin.

Johnson Controls is a diversified technology and industrial company that creates products, services, and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and seating and interior systems for automobiles. Johnson Controls was founded in 1885 and is based in Cork, Ireland.


DEAL STATS #
Overall 9 of 16
Sector (Manufacturing) 2 of 4
Type (Divestiture) 7 of 14
State (Indiana) 1 of 1
Country (United States) 8 of 13
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-09 Johnson Controls Security Systems

Gaithersburg, Maryland, United States

Johnson Controls Security Systems LLC is a CAS-compliant security systems integrator serving federal clients by designing, installing and supporting complex physical security, network security, and facilities management systems.

Sell $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-25 Tyco International

Mahon, Ireland

Tyco International Ltd. is a global provider of security products and services, fire detection and suppression products and services and life safety products. The Company's portfolio of products and services, sold under brands such as Tyco, SimplexGrinnell, Sensormatic, Wormald, Ansul, Simplex, Scott and ADT serve security, fire detection and suppression and life safety needs across commercial, industrial, retail, institutional and governmental markets. Tyco International Ltd. was established in 1960 and is headquartered in Mahon, Ireland.

Buy -