Resolute
Leading independent provider of compressor remanufacturing, chiller rental and refrigerant storage solutions for large industrial HVAC systems.
- Sector
- Industrials
- Location
- Wheeling, IL
- Status
- Realized
Investment Highlights:
- One Equity acquired Resolute through a corporate carve-out transaction
- Completed the transformational acquisition of Tioga HVAC Rentals, a leading provider of commercial heating, ventilation and small-tonnage cooling equipment
- Strategically diversified Resolute’s chiller-focused business with a heating rental offering to reduce revenue concentration and seasonality
- Grew its sales force to deepen client relationships and accelerate cross-selling initiatives
- Expanded geographically by opening new branch offices and adding contractors in new markets
- More than doubled EBITDA during One Equity’s ownership
Add-On Acquisitions:
- Tioga
See One Equity's Terms of Use here
“We are proud of our accomplishments under OEP’s ownership, including diversifying our customers while growing new relationships in attractive segments such as the independent contractor market. We are well positioned for continued growth and we look forward to the next chapter of our journey.”
Mike McGraw, CEO, Resolute
