WILsquare Capital, a St Louis-based private equity firm, has completed the acquisition of Rock Energy Systems, LLC, a market leading designer, manufacturer and distributor of highly engineered heating and air movement solutions located in Janesville, WI.
Terms of the transaction have not been disclosed.
“My management team and I are very excited to be working with our new partners, WILsquare Capital,” says Jeff Townsend, CEO and President of Rock Energy Systems. “WILsquare quickly understood and valued our culture, appreciated the fantastic foundation created through our dynamic history, and demonstrated a commitment to support our efforts to continue to grow Rock Energy Systems.”
Established in 1976, Rock Energy Systems offers waste oil furnaces and boilers, high volume low speed fans, and energy efficient portable radiant heaters to provide comfort to workers within various industrial settings. The company offers leading brands Clean Burn, Lanair, EnergyLogic and MacroAir. Its branded products are manufactured in its Janesville location and distributed worldwide.
“We are thrilled to partner with Jeff and the entire Rock Energy team. Through the company’s devotion to quality and support for its customers, the RES portfolio of products and brands have become the standard in alternative oil-powered heating systems,” says Drew Caylor, Managing Director at WILsquare Capital.
“A culture of innovation defines RES. The Company continues to invest in its team and the development of new products across a wide range of use cases,” says Jack Randazzo, Director at WILsquare Capital. “We are very excited to be a part of their next phase of growth.”
