Greenbriar Equity Group said Thursday that it has acquired Ryan Herco Flow Solutions. Financial terms weren’t announced. Burbank, Calif.-based Ryan Herco distributes corrosion-resistant fluid handling, filtration and flow control products in the United States. Rye, N.Y.-based Greenbriar is focused on the transportation industry.
PRESS RELEASE
Greenbriar Equity Group LLC today announced that its Greenbriar Equity Fund II, L.P. and affiliated investment entities have acquired Ryan Herco Flow Solutions (“RHFS”), a leading national distributor of corrosion-resistant fluid handling, filtration and flow control products in the United States with a growing presence in Asia.
Headquartered in Burbank, California, RHFS’s product portfolio (comprised of over 70,000 SKUs) includes filters, filtration systems, pipes, valves, fittings, pumps, instrumentation and other equipment for use primarily in corrosive environments where high purity is critical to the production process or application. Through a nationwide network of 27 distribution centers and a location in Singapore, the Company serves over 15,000 active customers in diverse, high growth end markets including industrial, semiconductor, water and wastewater, life science, power generation, food and beverage and other targeted industries.
“I have been impressed by the distribution industry experience and operating expertise of the Greenbriar team,” stated Dave Patterson, President and Chief Executive Officer of RHFS. “Greenbriar has assembled an exceptional group of senior executives and board members to assist the management team as we continue to grow the business. We are delighted to have Greenbriar as a partner going forward.”
“Under Dave Patterson’s leadership, RHFS has established a leading position in the specialized markets which it serves” stated John Daileader, Managing Director of Greenbriar Equity Group. “We are confident that our financial and operational resources, coupled with the experience and commercial success of this management team, will expand both organic and acquisition related growth opportunities for the business.”
Terms of the transaction were not disclosed.
About Greenbriar Equity Group
Greenbriar Equity Group LLC, a private equity firm with $1.5 billion of committed capital, focuses exclusively on the global transportation industry, including companies in freight and passenger transport, aerospace and defense, automotive, logistics and distribution, and related sectors. Greenbriar invests with proven management teams who are interested in being significant equity owners in their companies as well as with corporate partners who are interested in raising capital. Greenbriar’s partners bring many decades of experience at the highest levels within the transportation industry. Additional information may be found at www.greenbriarequity.com.
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