Capital Partners, a private investment firm located in Greenwich, Conn. has added Roll-Tite LLC to its portfolio of innovative small to mid-sized manufacturing companies with unique technologies.
Roll-Tite tarping systems can be found in the construction, transportation, refuse and agricultural industries.
"This is the classic win-win scenario," explains Brad Templeman, CEO of Roll-Rite. "Roll-Rite has enjoyed a very successful growth initiative, even in a lean economy, by developing innovative, market-driven products and through expansion into new domestic as well as international markets. Capital Partners brings to us a proven track record of providing a strong balance sheet to support growth, and assisting companies to get to the next level."
"The addition of Roll-Rite to our portfolio is a very exciting prospect," said Mark D. Allsteadt, managing director of Capital Partners. "Capital Partners believes in being patient and disciplined investors who support exceptional management teams as they develop their business. We look forward to working with Roll-Rite as they expand into more new markets and reach out to new customers."
Cleary Gull Inc. acted as exclusive financial advisor to Roll-Rite in this transaction. Purchase price was not disclosed.