Rotunda Capital Partners Announces the Sale of American Equipment

BETHESDA, Md. & EVANSTON, Ill.--(BUSINESS WIRE)--Rotunda Capital Partners (“Rotunda”), an operationally focused, lower middle-market private equity investment firm specializing in investing in family and founder owned industrial businesses, is pleased to announce the sale of American Equipment Solutions (the “Company” or “American Equipment”).

Established in 1969 and headquartered in Salt Lake City, Utah, American Equipment is one of the leading full-service providers of mission critical overhead crane and below-the-hook equipment and MRO solutions in the country.

Ryan Aprill, Partner at Rotunda, commented, “Since partnering with American Equipment in May of 2021, the Company has achieved transformational growth. Through 16 add-on acquisitions and significant strategic operational investments, the Company has increased topline sixfold to become a national service provider with more than 40 locations serving thousands of customers nationwide.”

“The American Equipment growth story is a great example of Rotunda’s dedication to transforming family, founder, and management-owned companies into data-driven growth platforms,” said Corey Whisner, Managing Partner at Rotunda. “During our partnership, we invested to expand the Company’s leadership team, developed corporate infrastructure and systems, built an in-house acquisition team, and developed American Equipment University to train and develop technicians in-house.”

Dan Lipson, Managing Partner at Rotunda, continued, “Tom Hoyer, Bob Creighton and the whole American Equipment team have been outstanding partners, and the strength of the organization today is a testament to their leadership and dedication. Rotunda is extremely proud of the platform American Equipment has become and the path to continued growth they have in front of them.”

Tom Hoyer, CEO of American Equipment, will continue to lead the business with the existing management team. He said, “Through our partnership with Rotunda we have never strayed from our core value – to provide best-in-class products, parts and service through strong relationships with our customers. The Rotunda team provided us with the operational tools, distribution and service expertise and acquisition assistance to help the Company get to where it is today. With this foundational support, we believe American Equipment is well positioned for significant continued expansion.”

Adam Zimmerman, founder of American Equipment, commented, “My partnership with Rotunda was exactly what I envisioned, and they lived up to everything they promised when I first met them in 2021. I am incredibly appreciative of the partnership and grateful for their support. The entire American Equipment team is thrilled to embark on this new chapter. Our platform is perfectly suited to continue taking advantage of the growing demand for our products and services.”

Lincoln International served as lead financial advisor. Benesch Friedlander Coplan & Aronoff LLP served as legal counsel.

About American Equipment Holdings

American Equipment Holdings is a full-service mission critical material handling solutions provider. American Equipment Holdings 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 Holdings 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.

www.amquipinc.com.

About Rotunda Capital Partners

Rotunda Capital Partners is a private equity firm that partners with family-, founder-, and management-owned companies. Founded in 2009, Rotunda manages approximately $1.5 billion in assets, including its most recent fund of $735 million.

The firm uses a rigorous thematic sourcing process, which is built on extensive research, industry relationships, and the firsthand experience of Rotunda’s operating executive network. Rotunda sources control deals across three industrial sectors: value-added distribution, asset-light logistics, and industrial and business services. Enterprise values vary between $50 million and $400 million and Rotunda will pursue add-on acquisitions of any size. Founders typically retain meaningful equity alongside Rotunda.

Rotunda works directly with the management teams to build and execute a long-term, data-driven growth strategy through a combination of Rotunda Performance System, deployment of its management operating system and the dedicated in-house data and analytics team. Rotunda, through its unique Strategy Execution Officer program, also places experienced executives within portfolio companies to both strengthen leadership teams and support rapid execution of key initiatives.

For more information, please visit www.rotundacapital.com.