Renovo Capital has acquired Dallas-based Rochester Gauges LLC, a maker of gauges and sensors that measure liquid levels. The seller was Gas Equipment Company Inc. No financial terms were disclosed.
DALLAS (PRWEB) JUNE 12, 2018
Renovo Capital, LLC is pleased to announce the acquisition of Rochester Gauges, LLC (Rochester) from Gas Equipment Company, Inc. The acquisition also launches a new platform investment in the sensor and measurement space in partnership with industry executive and operating partner Frank Guidone. Frank previously led Measurement Specialties, Inc, selling the business to TE Connectivity in late 2014.
Founded in 1913, Dallas, Texas-based Rochester is a manufacturer of gauges and sensors that measure liquid levels. Renovo’s investment will allow Rochester to continue its long history of manufacturing quality gauges and sensors as well as provide the resources and expertise to accelerate development of leading-edge products that will better serve its customer base.
Frank Guidone, Operating Partner at Renovo Capital commented, “We are excited to continue the legacy that the LaDue family has successfully built over many decades of ownership. Our priority will continue to be operating at a high level of quality and customer service as well as grow the business in current and new markets. We believe that Rochester serves as an optimal foundation for growth, both organically and through acquisition, in order to create a broad-based liquid level measurement business.”
About Rochester Gauges
Rochester Gauges is a manufacturer of gauges and sensors that measure liquid levels of various fuels, including propane, gasoline and diesel for various applications, such as residential and commercial propane tanks, forklifts, RV’s, lawn and garden equipment, tractors and personal aircraft. Rochester has manufacturing facilities in Dallas, Texas; Mexico City, Mexico; Brussels, Belgium with a sales office in Shanghai, China. Learn more at rochestergauges.com.
About Renovo Capital
Renovo Capital, LLC is a Dallas-based private equity fund that partners with business owners, entrepreneurs and management teams to invest in specialty manufacturing and business service companies. Renovo’s principals and network of operating professionals have decades of experience providing operational and strategic leadership to drive long term business value creation. Renovo Capital has offices in Dallas and Denver. For more information, please visit renovocapital.com.