Signal Hill Equity Partners has acquired Romet Limited, a manufacturer of rotary gas meters.
Romet is a precision manufacturer of positive displacement rotary gas meters, electronic volume and temperature instrumentation and auxiliary equipment. Romet sells its products to utilities and distributors in Canada, United States, India and Asia. The company was founded in 1972 and is based near Toronto in Mississauga, Ontario (www.rometlimited.com).
“Romet has been committed to producing high quality products and providing superior customer service to its customers for over 40 years,” said James Johnson, Managing Partner, Signal Hill. “We are excited to build on the years of hard work to help the company expand its domestic and international market share.”
Signal Hill invests from $5 million to $20 million of equity in companies with enterprise values of $20 million to $50 million. Sectors of interest include manufacturing, consumer products, distribution and business services. Signal Hill is currently investing its second private equity fund, Signal Hill Equity Partners II, LP, with $100 million of capital commitments. The firm is based in Toronto (www.signalhillequity.com).
“We are very pleased to have Signal Hill as part of the Romet team to provide financial, operating and strategic support. Their expertise will help accelerate the business model and make some of our growth plans a reality,” said Rick Grzeslo, President of Romet.
© 2013 PEPD • Private Equity’s Leading News Magazine • 6-25-13
