Resilience Capital Partners, a Cleveland-based private equity firm, has acquired R&D Enterprises, an original equipment manufacturer of highly-engineered heat exchange and cooling products serving the off-road, marine, on-highway and industrial end markets.
R&D Enterprises is Resilience Capital Partners’ first add-on acquisition by its Thermal Solutions Manufacturing investment platform, which it acquired in February 2012. Thermal Solutions Manufacturing is an aftermarket manufacturer of heavy duty and light truck heat exchange products serving the off-road, on-highway and industrial end markets through its 25 distribution locations in North and Central America.
Richard Cox, the former owner and president of R&D Enterprises, says: "It has been an exciting experience for R&D Enterprises to work with Resilience Capital Partners and join forces with Thermal Solutions Manufacturing. We are excited to partner with such a dynamic organisation and look forward to the opportunity to grow our business with our new expanded customer base and capital resources."
Robert Potokar (pictured), chief executive of Thermal Solutions Manufacturing and operating partner of Resilience Capital Partners, says: "R&D Enterprises has an outstanding reputation in the industry as creative problem solvers in working with companies of all sizes. The creativity they bring to the table will make Thermal Solutions Manufacturing even stronger and expand its footprint in the marine sector. R&D Enterprises is a perfect match and will benefit our growing company and, more importantly, our customers.”
