Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of the assets of its client, RN Motion Technologies, headquartered in Houston, Texas, by Swanson Industries, headquartered in Morgantown, West Virginia. The acquisition closed on April 4, 2014.
RN Motion Technologies is a solutions provider offering repair services and custom design manufacturing of production and drilling equipment. Products focused on include cylinders, production and drilling riser tensioner systems, and other equipment needed for offshore and land applications. The extensive experience in the field gives RN Motion a complete understanding of what parts are needed and how the system as a whole functions in essence to perform.
Managing Directors Terry Mackin led the Generational Equity deal team that advised RN Motion Technologies on the transaction. "It was clear from our initial discussions with Swanson's senior management that they were looking for an office in the Houston market," stated Mackin. "This acquisition not only provided them with that coveted geographic location, but also secured the key management already in place that could leverage the expertise necessary to take on immediate growth opportunities." Founded in 1964, Swanson Industries started with a commitment to providing industrial hard chrome plating services to the hydraulic cylinder manufacturing industry. Swanson now provides a vast array of products and services for several industries, including fluid power, mining, off-shore oil and gas, off-highway, and steel. Swanson has become an industry leader in providing certified products and unmatched expertise. To learn more, please visit www.swansonindustries.com.
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