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M&A Deal Summary

Palindrome Acquires Rhino

On November 7, 2023, private equity firm Palindrome acquired manufacturer Rhino

Acquisition Highlights
  • This is Palindrome’s 1st transaction in the Manufacturing sector.
  • This is Palindrome’s 2nd transaction in the United States.
  • This is Palindrome’s 1st transaction in Illinois.

M&A Deal Summary
Date 2023-11-07
Target Rhino
Sector Manufacturing
Buyer(s) Palindrome
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Kreshmore Group (Financial)

Target

Rhino

Kewanee, Illinois, United States
Rhino is a manufacturer of pneumatic, hydraulic, and gas-powered tools for applications in the fencing, agricultural, construction, rental, electrical, forestry, public works, landscape, solar, and dock-building industries. The company's product line includes: hand-held gas, pneumatic and hydraulic post drivers and pullers, hydraulic power packs, and skid-steer mounted pile drivers. Rhino was formed in 1975 and is based in Kewanee, Illinois.

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Buyer(S) 1

Buyer

Palindrome

Investor Investor

Category Private Equity Firm
Founded 2018
Size Small
Type Sector Agnostic
DESCRIPTION

Palindrome is a private investment firm focused on long-term partnerships with founder? and family?owned businesses across the industrial, manufacturing, agriculture, aerospace, and business services sectors. The Firm targets companies with proven track records and emphasizes preservation of legacy, culture-first approaches, and sustained profitability. Palindrome acquires businesses to hold indefinitely, deploying operational support, cultural alignment, and financial resources. Palindrome was founded in 2018 and based in Spokane, Washington.

DEAL STATS #
Overall 2 of 2
Sector: Manufacturing M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
State: Illinois M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 H&H Molds

Spokane Valley, Washington, United States

H & H Molds is a mold-maker and plastic injection molder in the Pacific Northwest. H&H Molds was founded in 1952 and is based in Spokane Valley, Washington.

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