Triad Technologies, a portfolio company of Svoboda Capital Partners since March 2015, has acquired Rilco Industrial Controls and all of its subsidiaries including E&M Automation Equipment and Cincinnati Controls.
Rilco Industrial Controls is a distributor of industrial automation sensors, safety controls, process controls, and bar code reader systems. The company serves customers in southern Ohio, northern Kentucky, and eastern Indiana. Rilco is led by CEO Chris Cowell and is headquartered in Cincinnati (www.rilcoind.com).
Triad is a full-line distributor of hydraulic, pneumatic, electromechanical, filtration, and lubrication technologies to customers in the Ohio, southeast Michigan and northern Kentucky regions. Triad also provides a range of services including system design and manufacturing, component service and repair, on-site plumbing, installation, and emergency hose repair and replacement. The company was founded in 1981 and is headquartered north of Dayton in Vandalia, OH (www.triadtechnologies.com).
“We are pleased to welcome Chris Cowell and his team to the Triad family,” said Doug Wissman, President and Chief Executive Officer of Triad Technologies. “The combination of Rilco’s vision, safety, and sensor lines with Triad’s motion, robotic, and fluid power products will allow us to offer comprehensive automation solutions to an expanding customer base.”
Svoboda Capital invests from $10 million to $20 million in business services, value-added distribution, and consumer products companies that have revenues from $10 million to $100 million and EBITDAs from $3 million to $15 million. The firm was founded in 1998 and has over $300 million of capital under management. Svoboda Capital is based in Chicago (www.svoco.com).
© 2017 Private Equity Professional | October 19, 2017