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Vance Street acquires RST from HKW

Vance Street Capital LLC has acquired British Columbia-based RST, a maker of geotechnical measurement instruments. The seller was Hammond, Kennedy, Whitney & Company Inc. No financial terms were disclosed. Quarton International provided financial advice to RST on the transaction.


Indianapolis, IN – Hammond, Kennedy, Whitney & Company, Inc. (“HKW”) is pleased to announce that on August 31, 2017 it closed on the sale of R.S.T Instruments, Ltd. (“RST”). RST, headquartered in Maple Ridge, British Columbia, Canada, is a manufacturer and marketer of geotechnical measurement instruments, which serve a wide variety of end markets including utilities, mining, infrastructure and oil and gas. The Company’s products, which include inclinometers, data loggers, and vibrating wire, provide critical information for a variety of customers worldwide. For further information on RST, please visit

The buyer is Vance Street Capital LLC, based in Los Angeles, California.

“HKW was a perfect fit for RST,” said Bruce Ripley, RST CEO. “Their collaborative approach, commitment to growth, and strategic vision facilitated our ability to essentially double in size over our three-year partnership.”

“RST is a prime example of the type of company we seek out,” said Jeff Wood, HKW Senior Partner and former Chairman of the RST Board. “RST is a niche market leader with world class product development and manufacturing abilities. These attributes, together with a seasoned and hard-working management team, made for a rewarding partnership.”

John Carsello, HKW Partner added, “Bruce Ripley and the entire RST team drove exceptional operational improvements over our investment horizon. Management executed strategic initiatives, which included adding a UK office and a salesforce expansion, flawlessly. We had a great partnership with RST and the Company is well positioned for continued growth.”

About HKW – HKW is a private equity firm founded in 1903 with offices in Indianapolis and New York. Since 1982, HKW has sponsored 54 platform transactions of lower middle-market companies throughout North America, as well as 61 add-on acquisitions. For further information on HKW, please visit

RST’s financial advisor was Quarton International (“Quarton”), an investment bank based in Detroit, Michigan. Further information about Quarton is available at

Taft Stettinius & Hollister LLP (“Taft”) served as legal advisor to RST. For further information on Taft, please visit