Yorkshire Equity Acquires Dry Systems Technologies
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Yorkshire Equity Acquires Dry Systems Technologies

dry systems nf1Yorkshire Equity has acquired the assets of Dry Systems Technologies (DST), a subsidiary of Alpha Natural Resources. Yorkshire’s purchase was made in partnership with Ron Eberhart, the chief executive officer of DST.

dry systems nf2DST is a maker of diesel engine emission control products and after treatment technologies that are used in the mining, extraction and tunneling industries.  The company’s products are designed to make diesel engines run cleaner.  DST specializes in upgrades for existing diesel engines, complete re-power of diesel powered mining and construction equipment, and diesel power-packages for new machinery builders. DST also offers machine upgrades – including full-machine rebuilding capabilities – and an OEM line of new machinery. The company is headquartered in the Chicago suburb of Woodridge, IL and operates additional facilities in Vienna, IL and Price, UT (www.drysystemstech.com).

Ron Eberhart nf1“Partnering with a long term oriented investment team that is focused and supportive of DST’s continued vision for growth and expansion is exciting for our employees, our customers, and our many other stakeholders,” said Ron Eberhart, President of DST.  “The synergies of thinking and common focus on taking care of the customer first make for a winning partnership and everyone here is eager to continue building on the successful platform of products and services that DST offers to its growing client group.”

Yorkshire Equity invests in North American-based lower middle-market industrial companies that have from $2 million to $6 million of EBITDA and where the firm’s operating experience can assist in long term value creation.  The firm is based in Denver (www.yorkshireequity.com).

stephan largan nf1“Yorkshire is very excited to partner with Ron and the DST team to continue to build an industry leader in DST’s current markets and to enter into new markets,” said Stephen Largan, Managing Partner at Yorkshire.  “We know from experience that unparalleled service and innovative technological solutions are vital to supporting our customers’ businesses and we share Ron’s commitment to supporting DST’s current customers, the development of the DST team and his vision for growth.”

The seller of DST, Alpha Natural Resources (NYSE: ANR), is a producer of metallurgical coal for the industrial production of steel and iron, and low-sulfur thermal coal to fuel steam boilers for the production of electrical power. The company is headquartered in Bristol, VA (www.alphanr.com).

2015 PEPD • Private Equity’s Leading News Magazine • 5-21-15

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