Resilience Capital Partners, a Cleveland-based private equity fund, has acquired the Heavy Duty Division of Vista Pro Automotive through its newly-formed entity, Thermal Solutions Manufacturing.
Michael Barbee, the President of Thermal Solutions Manufacturing, says: "We are excited that Resilience Capital has acquired the Heavy Duty Division of Vista Pro Automotive. Leveraging Resilience Capital’s strong financial commitment and exceptional operational expertise, we will rapidly achieve our goal of becoming the undisputed leader of the heavy duty heat exchange industry through a combination of market share gains, new product introductions and strategic acquisitions."
"We look forward to partnering with the management and employees of Thermal Solutions Manufacturing in creating an independent enterprise that is uniquely positioned for growth in its market place. Thermal Solutions Manufacturing will be led by Bob Potokar as CEO (Operating Partner of Resilience) and Mike Barbee as President. This extremely qualified leadership team is a testament to the tremendous opportunity that we have with this business," says Bassem Mansour (pictured), Co-CEO and Founder of Resilience Capital Partners.
Michael Cavanaugh, a Principal at Resilience Capital Partners, says: "With its unparalleled distribution network and broad product portfolio, Thermal Solutions Manufacturing is a compelling platform investment with significant organic and inorganic growth opportunities that can be capitalised on to create long-term investment value for our investors."
