Investment firm Greenbriar Equity Group (Greenbriar) has sold Ryan Herco Flow Solutions (Ryan Herco) to SunSource Holdings (SunSource), a distributor of hydraulic and fluid control power products in the United States and Canada.
Terms of the transaction have not been disclosed.
Based in Burbank, California, Ryan Herco is a nationwide distributor of high-purity and corrosion-resistant fluid conveyance, measurement and control products used in mission-critical systems across a wide range of industrial applications. Ryan Herco distributes a broad portfolio of filtration products, pressure piping systems, tubing and tube fittings, as well as pumps, valves and process instrumentation. Ryan Herco distributes more than 70,000 SKUs from 31 locations to more than 15,000 active customers.
Since acquiring Ryan Herco, Greenbriar has worked with the Company to expand the addressable market through organic expansion into new geographies and complementary products, while also executing a number of strategic acquisitions that strengthened the value proposition to the customer base. These successful initiatives, taken in combination with a salesforce with strong technical expertise and a focus on solving complex customer challenges, contributed to strong top-line growth under Greenbriar’s ownership.
“We are proud to have partnered with the high-caliber management team at Ryan Herco,” says Niall McComiskey, a Managing Director at Greenbriar Equity Group. “We’re pleased to have supported the Company through a period of strong growth under our ownership, and believe Ryan Herco is poised for continued success in the future.”
Randy Beckwith, CEO of Ryan Herco, says: “Our management team thanks Greenbriar for their partnership, and the expertise and resources they have brought to bear over the last six years. Greenbriar’s guidance and strategic insight was instrumental in positioning Ryan Herco for continued growth and success. Looking forward, we are excited about partnering with SunSource during our next chapter of growth.”
“Like SunSource, Ryan Herco is known for its ability to solve complex customer challenges through its deep supplier relationships and talented professionals recognised in the industry for their technical expertise and customer orientation,” says David Sacher, CEO of SunSource. “This is a highly strategic and complementary combination that will broaden our product offering, enhance our end-market exposure and expand our geographic reach.”
Harris Williams and Kirkland & Ellis acted as advisors to the Company. Debevoise and Plimpton acted as advisor to SunSource.
