M&A Deal Summary

Resolute Industrial Acquires American Equipment Group

On November 4, 2019, Resolute Industrial acquired manufacturer American Equipment Group

Acquisition Highlights
  • This is Resolute Industrial’s 1st transaction in the Manufacturing sector.
  • This is Resolute Industrial’s 2nd transaction in the United States.
  • This is Resolute Industrial’s 1st transaction in Indiana.

M&A Deal Summary
Date 2019-11-04
Target American Equipment Group
Sector Manufacturing
Buyer(s) Resolute Industrial
Deal Type Add-on Acquisition

Target

American Equipment Group

Fort Wayne, Indiana, United States
American Equipment Group, Inc. is a growing industrial equipment dealer consists of American Spot Cooling, which provides temporary cooling, heating, dehumidification, and power solutions, and its sister company American Power Rental, which offers temporary HVAC products including generators, power distribution, and transformers.

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Buyer(S) 1

Buyer

Resolute Industrial

Indianapolis, Indiana, United States
Category Company
Founded 2015
Sector Manufacturing
DESCRIPTION

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.

DEAL STATS #
Overall 2 of 6
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 2 of 6
State (Indiana) 1 of 1
Country (United States) 2 of 6
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-07 Tioga

Brooklyn Center, Minnesota, United States

Tioga designs, manufacture, sale, and rental temporary heaters for energy, mining, oil and gas, commercial construction, and industrial markets. Tioga was founded in 1961 and is based in Brooklyn Center, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-12 DriExpress

Henderson, Nevada, United States

DriExpress Corp. provides easy access to a wide variety of restoration rental equipment by delivering directly to the job site, ready to use, in hours. DriExpress Corp. was formed in 2008 and is based in Henderson, Nevada.

Buy -
Mergr

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