American Equipment Solutions, a Portfolio Company of Rotunda Capital Partners, Announces the Sale of Its Scales Division to Investcorp

Sale of Kanawha Scales & Systems allows American Equipment to focus on its core business

SALT LAKE CITY--(BUSINESS WIRE)--American Equipment Solutions (“AES”), a portfolio company of Rotunda Capital Partners (“Rotunda”), announced today that it has sold Kanawha Scales & Systems (“KSS”) to Investcorp.

KSS is a leading provider of weighing calibration and repair services, and automation solutions that support mission-critical operations. Growing regulatory requirements and the increasing adoption of automation are driving strong demand for KSS’s offerings across a wide range of end markets. The KSS management team will become shareholders alongside Investcorp.

Headquartered in Poca, West Virginia, KSS was founded in 1954 and is a recognized leader in the weighing and automation industries. Proudly delivering superior service, KSS supports customers nationwide through a robust network of certified branches across the Midwest, Northeast and Southern US. The Company provides expert service, calibration, and replacement products for a wide range of instruments and scales, along with heavy-duty scale test equipment, automated truck and rail loadout systems, batching and filling systems, and a broad array of customized automated industrial solutions.

“This transaction enables us to focus and align our attention and efforts on our two core businesses and markets. Both the overhead crane and below-the-hook divisions have natural customer and vendor overlap and synergies, and we look to continue to unlock organic growth opportunities and pursue strategic acquisitions in those segments to accelerate growth,” said Tom Hoyer, CEO of AES. “I would like to thank Chris Carsten and the entire KSS team for their contributions to the AES platform over the last three years and wish them continued success as they move forward with their new partner.”

Lincoln International served as financial advisor and Benesch, Friedlander, Coplan & Aronoff LLP served as legal counsel for KSS on the transaction. Stifel served as financial advisor and Gibson, Dunn, & Crutcher LLP served as legal counsel for Investcorp.

About American Equipment Solutions

American Equipment Solutions, the Uptime Solutions Company, is a full-service mission critical material handling solutions provider. American Equipment Solutions is one of the largest independently owned overhead crane and hoist, and below-the-hook solution providers in the country, serving thousands of customers nationwide. Together, American Equipment Solutions companies provide comprehensive solutions for everything related to customers’ overhead crane and hoist, and rigging including OSHA mandated inspections, preventative maintenance and repair field services, parts, engineering, ISO certified fabrication, new and replacement equipment, automated systems, system modernizations and training.

American Equipment Solutions represents leading manufacturers such as ACCO, Columbus McKinnon, Conductix, Crosby, Demag, Detroit Hoist, Gorbel, Harrington, IMS, Magnetek & PE, R&M, and Spanco, among others, and customers rely on its service, design, engineering, fabrication, and installation capabilities to meet their unique application needs. American Equipment Solutions serves local, regional and national customers across a variety of end markets, including light & heavy industrial, automotive, mining, public utilities, military, aerospace & defense and energy, among others. For more information, visit www.amquipinc.com.

About Rotunda Capital Partners

Rotunda Capital Partners is an operationally oriented private equity firm focused on transforming family-founder owned companies into dynamic, data-driven platforms able to achieve and manage significant growth. Since its founding in 2009, Rotunda has partnered with management teams to build great businesses within three primary sectors: value-added distribution, asset-light logistics and industrial, business & residential services. Rotunda strives to achieve replicable results by implementing its Rotunda Performance System to create strategic alignment, develop lean processes and create robust, data-driven infrastructures. For more information, visit www.rotundacapital.com.