Victory Industrial Buys Gas Turbine Co.

Victory Industrial Products, a Batavia, Ohio-based portfolio company of WHI Capital Partners, has acquired KDS International, a Terrell, Texas-based maker of gas turbine products. No financial terms were disclosed.

PRESS RELEASE

Victory Industrial Products LLC (VIP) with manufacturing facilities in Batavia, OH and Phoenix, AZ will now become a significant force within the gas turbine industry. With the recent acquisition of KDS International, Inc. located in Terrell, Texas, Victory has begun an aggressive initiative to expand their already substantial reciprocating engine market base into this new arena.

And it all starts with a name change – KDS International is now “Victory Turbine Systems LLC” (VTS), a wholly owned subsidiary of Synergetic Holdings LLC (VIP’s parent company).

According to Victory’s CEO Bob Carter, this is a natural development in the long term strategic plan put together when Victory was acquired in 2007. “Given our aggressive expansion over the past two years, the successful opening of our new Phoenix facility, and the continued backing and resources of WHI Capital Partners, we have the financial capacity and technical knowledge to make a significant impact in this market. When you consider that several members of our current team have many years of experience within the turbine industry and that we have also partnered in the past with KDS on several projects, this really becomes a logical extension of our business; plus the synergies between the two industries are numerous allowing us to utilize much of the same technology to best serve both markets.”

Victory Turbine Systems LLC will retain the current management team of KDS International and will provide additional technical and marketing support from its headquarters in Batavia, Ohio. Key members of the new company, which include Bob Carter as CEO, are Dan Peck and Gerald Froneberger (formerly of KDS) supported by John Puentes (Sales / Engineering), Thom Kuehneman (Operations) and Dave Koester (Marketing) of VIP. The new company will be a world class fabricator of turbine products targeting both Engineering Companies and OEM’s. Victory Turbine Systems will build a full line of products from facilities in Texas, Arizona and Ohio and will offer additional services to meet the customer needs and the challenges of the turbine market.

For more information on Victory Turbine Systems LLC or to speak directly with a company representative regarding a specific opportunity, contact us today at 1-888-439-2099 or through our website at Contact Us . Additional information can also be obtained at www.victoryturbinesystems.com