JMH Capital has sold the assets of its portfolio company Industrial Rental Services to publicly-traded United Rentals (NYSE: URI).
In 2008, JMH formed Industrial Rental Services to acquire Service Radio Rentals (SRR) and Industrial Blind Solutions (IBS). Industrial Rental Services is headquartered in Houston with additional sales and service offices in major petroleum and oil refining centers.
SRR was founded in 1997 and rents two-way radio communications equipment (radios, repeaters and related accessories) to industrial maintenance providers serving the US oil refinery, petrochemical, pulp & paper, and power generation industries. The company is the largest independent radio rental company serving this market (www.serviceradio.com).
IBS was founded in 2005 to provide both sale and rental of isolation and hydrotest blinds to the US oil refinery industry. Isolation and hydrotest blinds are used in the oil and gas and other industries to isolate a section of pipe, sealing it off so that nothing can flow through, allowing work and inspection crews to perform needed tasks. IBS also provides racking systems that are used to both deliver and store blinds on site (www.industrialblindsolutions.com).
The buy of SRR and IBS expands United Rentals’ specialty tool rental fleet by over 35,000 isolation blinds, flanges and racking systems for industrial applications, as well as approximately 16,000 radios, repeaters and accessories for plant maintenance and construction personnel.
United Rentals is the largest equipment rental company in the world with locations in 49 states and every Canadian province. The company is headquartered in Stamford, CT (www.unitedrentals.com).
JMH Capital makes control investments of up to $25 million to acquire companies that have from $5 million to $150 million of revenue. Sectors of interest include niche manufacturing, specialty chemicals, building products, medical devices, business services, value-added distribution, analytical instruments, food products, and business services. The firm is headquartered in Boston (www.jmhcapital.com).
BlackArch Partners (www.blackarchpartners.com) was the financial advisor to JMH Capital and Industrial Rental Services.
© 2018 Private Equity Professional | April 12, 2018
BDT Capital Partners has made a majority equity investment in Casa Dragones, an ultra-premium and luxury maker of tequila.
“Our mission is to shape the tequila industry for the future and we believe this investment from BDT, and their role as our lead investor, will help us accelerate our momentum, growth and reach,” said Ms. González Nieves. “We welcome this investment from BDT because they share our values and long-term commitment to building on the strong foundation of Casa Dragones. BDT will help us accelerate growth and reach more markets across the US and internationally. Their experience partnering with founders and entrepreneurs, as well as their network of successful global business owners, will be valuable to our company’s next phase of growth.”
“We are impressed with Bertha’s entrepreneurial spirit and the quality of the Casa Dragones product and brand. We believe our investment in the company represents an opportunity to partner with a visionary founder in an attractive industry and category,” said Byron Trott, Chairman and CEO of BDT Capital Partners. “We look forward to working closely with the team at Casa Dragones to build upon that strength and momentum of the business and help expand their reach both domestically and internationally.”
BDT Capital Partners was founded in 2009 by former Goldman Sachs Vice Chairman Byron Trott. The firm manages more than $9 billion across its committed funds and $3.7 billion of co-investments from its limited partners. The firm is a bit secretive and does not have a web presence but does maintain offices in Chicago, New York, London, and Frankfurt.
