Lynwood Capital buys Rocket Seals
Resource from: PE Hub Likes:321
Dec 20,2016
Lynwood Capital Partners has acquired Denver-based Rocket Seals, a provider of seals and O-rings for the OEM and repair and maintenance markets. No financial terms were disclosed.
PRESS RELEASE
DENVER, Dec. 19, 2016 /PRNewswire/ — Lynwood Capital Partners (“Lynwood Capital”) announced today that it has invested in Rocket Seals, Inc. (“Rocket” or the “Company”) in partnership with the existing management team of the Company. Founded in 1956, Rocket distributes one of the broadest product offerings of seals and O-rings to OEM and the repair and maintenance markets, and provides sourcing, part certifications, custom supply chain services, and technical consultation on applications. Rocket serves customers across every end-use market including fluid power generation and transmission, water filtration and treatment, industrial and medical equipment, oil & gas, transportation, food and beverage, construction, mining and agricultural equipment, aerospace, supply chain/logistics firms, consumer products, and hydraulic cylinder repair shops. Rocket serves regional, North American and global customers.
“With six decades of technical product and application expertise, an unmatched inventory of standard and metric parts, materials, sizes and profiles, and a long-tenured, highly trained and experienced sales and customer service team, Rocket holds a unique and defensible position in the seals and O-ring distribution business,” commented Lynwood Capital Partner David Hanson. “Lynwood Capital was attracted to Rocket’s close customer relationships and stellar reputation, and is excited to partner with the team at Rocket to grow the Company’s leadership position in the seals and O-ring market, both as a supply chain partner to OEMs and meeting the needs of repair and maintenance customers. Acquisitions of other industrial parts distributors will likely be another path for the Company’s future growth.”
Rocket Seals
Rocket Seals
Doris Medina, a 24 year veteran at Rocket, summarizes Rocket’s exceptional business positioning, “Rocket’s value proposition to a purchasing agent is providing the ‘right parts at the right price and right time’ so that they can focus on their larger dollar spend bill of materials, relying on Rocket as their sealing and O-ring specialist.”
Chris Johns, Director of Sales and Business Development at Rocket, said, “We look forward to partnering with Lynwood Capital and will benefit from the firm’s significant experience with industrial distribution and services businesses. We’re especially excited about continuing to grow our staff of sales technicians to keep up with demand for our extensive inventory and sourcing capabilities, increasing our stock of hard to find and exotic materials, sizes and parts, and expanding into other sealing technologies and ancillary products to stock for current and new customers. We are confident that Lynwood Capital is the right partner to help us maintain our 60 year legacy while achieving transformational growth.”
About Rocket Seals, Inc.
Rocket Seals, Inc. is an independent distributer of seals and O-rings to the OEM and repair and maintenance markets. The Company maintains one of the largest inventories anywhere of standard and metric sealing solutions for a wide range of industries in the United States and internationally. Technical application consultation, direct sourcing of non-standard parts, supplying custom kits, providing parts certifications, and locating hard to find sealing parts is a hallmark of Rocket’s customer-centric approach. Rocket has earned a reputation since 1956 for expert technical advice, high levels of service, and in-stock availability with same day shipping. www.rocketseals.com.
About Lynwood Capital Partners
Based in Denver, Colorado, Lynwood Capital Partners is a private investment firm focused on growth equity, recapitalization and buyout investments in lower middle market companies with enterprise values generally between $5 million and $100 million. The firm invests across all market sectors and has a twenty-year track record of owning and growing such companies in a variety of industries across the United States. www.lynwoodcapital.com
(PE Hub)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
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