RFE Investment Partners is pleased to announce that its portfolio company, Trident Motion Technologies, recently completed the acquisition of Global Point Technologies (“GPT”). GPT is a global sourcing company with capabilities in injection molding, solenoids, wire harness, mechanical and electro-mechanical parts as well as contract manufacturing and assembly services across automotive, medical, industrial and commercial products.
“GPT is a strong strategic addition for Trident Motion. Adding a global sourcing and services platform providing supply chain, engineering and value-added solutions will benefit the Trident family of companies and their customers.” said Tim Harris VP of Strategic Sourcing.
“We’re happy to join forces with Trident, and take advantage of their existing brand, channel, and presence in the market place offering our expertise and broad range capabilities ” said John Hoff, founder and President of Global
Point Technologies.
About Trident Motion Technologies:
Trident Motion Technologies is a leading provider of motors, gearmotors, electronic drives and user interfaces. The company, headquartered in the United States, produces product and assemblies in its operations in the US and Asia for many industries. This allows Trident Motion to offer local support and world class engineering while remaining cost competitive. Trident Motion was formed by combining the capabilities of several strong US based businesses: HTI Technology, American Control Electronics, and Klauber Machine & Gear.
About RFE
RFE Investment Partners is a private equity firm focused on making control investments in established small market companies located in the United States. RFE is a long-standing Connecticut-based firm founded in 1980 with over 40 years of experience investing in the lower middle market. RFE’s investment strategy is to transform its portfolio companies from the lower end of the market to fully professionalized and market leading middle market companies. RFE is currently investing out of Fund IX. For more information, please visit www.rfeip.com.
ZRG Partners, a rapidly growing global talent advisory firm, recently announced their acquisition of Brimstone Consulting Group, LLC. a boutique strategy consulting firm. Based out of Camden, ME, Brimstone Consulting is a specialist consulting firm who partners with their clients in building a strategy blueprint for rapid CEO success after leadership transitions. Brimstone’s methodology aligns leadership goals with business capabilities at all levels to change the way work gets done and energize the change-makers. Their key focus areas include business acceleration; change enablement; culture change; executive coaching; leadership development; leadership team alignment; organizational alignment; diversity, equity, and inclusion; and post-merger execution.
“The complementary nature of our businesses made Brimstone an obvious partner for ZRG, as we continue to expand our portfolio of talent advisory solutions,” says Larry Hartmann, CEO of ZRG. “Further insuring a new CEO is successful with the proven process of Brimstone will create a new paridym for CEO transitions. We are pleased that we can now address two critical areas of leadership to align success for our clients with both strategy work and culture work. We believe when a company aligns strategy and culture with the right talent, amazing success can be achieved and our offerings now address these three core areas.”
Prior to the Brimstone acquisition, ZRG has been actively involved in expanding and diversifying their talent management offerings. They have recently acquired top culture consultation firm Walking The Talk, as well as entertainment industry search and consulting firm Sucherman Group. ZRG’s organic growth continues across the UK and EU in both retained search, on-demand talent solutions and consulting.
G2 Capital Advisors served as exclusive buy-side advisor to ZRG Partners on the successful transaction.
About ZRG
ZRG is a global talent advisory firm that is changing the way companies hire and manage talent. ZRG’s data driven approach to executive and professional search has been changing the way clients think about how to find top talent. The company’s digital Zi platform combines talent intelligence, candidate insights, and process improvement to dramatically deliver executive searches quicker and with proven better results. Today, with the help of private equity investor RFE Investment Partners, ZRG is among the fastest growing firms in the search industry and provides a full suite of retained search, on-demand talent, and consulting and advisory solutions across the Americas, Asia, Europe, and Australia.
About G2 Capital Advisors
G2 Capital Advisors provides M&A, capital markets and restructuring advisory services to the middle market. We offer integrated, multi-product and sector-focused services by pairing highly experienced C-level executives with specialist investment bankers. We aspire to be the trusted advisor of choice to our clients including corporations and institutional investors.
About RFE
RFE Investment Partners is a private equity firm focused on making control investments in established small market companies located in the United States. RFE is a long-standing Connecticut-based firm founded in 1980 with over 40 years of experience investing in the lower middle market. RFE’s investment strategy is to transform its portfolio companies from the lower end of the market to fully professionalized and market leading middle market companies. RFE is currently investing out of Fund IX. For more information, please visit www.rfeip.com
RFE backed Friendly Group Acquires Home Services Company Western Heating & Air Transaction Marks Growth Potential to Serve More Utah HVAC Customers
RFE Investment Partners is pleased to announce that its portfolio company, Friendly Group, a home services company, recently announced its acquisition of Western Heating & Air, a heating, ventilation, and air conditioning (HVAC) company with branches in both Orem and Lehi, Utah. The addition of Western Heating & Air makes this Friendly Group’s third home services company in Utah.
As part of Friendly Group, Western will be positioned to accelerate and extend its mission to serve its community with exceptional home comfort service. Western Heating & Air will continue to operate under the Western brand, driving forward with a steady focus on its mission, customers, and community. Owner Ryan Snow will continue at the helm of the operations in partnership with Friendly Group.
“I am thrilled to welcome Ryan Snow, his leadership team, and the entire Western family to the Friendly Group. The Red Handkerchief Promise is so much more than a tag line—it’s a symbol of a culture that runs deep in every man and woman who wears that logo,” said Joe Bergman, CEO, Friendly Group. “We are excited to add this third strong brand to our Northern Utah region and about the growth opportunities we have together, to build on an already-strong legacy. On behalf of our entire team, welcome to the pack!”
About Western Heating & Air
Western Heating & Air is a home services HVAC company serving the Orem and Lehi, Utah, areas. Their primary services extend from heating and cooling to indoor air quality to solar panels. Western’s team is the proud recipient of the Best of Utah Valley Award for five years in a row. For more information, please visit www.westernheatingair.com
About Friendly Group
Friendly Group is a Home Services Company focused on building a network of like-minded companies in the home services industry that share the vision and values that, at their core, focus on their employees. Friendly Group is a Texas-based firm that was established in 2020 with a best-in-class management team, board of directors, and advisors, all working together to execute on a strategy that is distinctly different because it’s Friendly. Friendly Group’s strategy is to provide mentorship, direction, resources, and the capital required to take companies’ strategic initiatives to the level. Friendly Group is continuing to expand their presence across the US, building a network of leading HVAC, Plumbing, and Electrical home services companies. For more in formation, please visit www.friendlygroup.com
About RFE
RFE Investment Partners is a private equity firm focused on making control investments in established small market companies located in the United States. RFE is a long-standing Connecticut-based firm founded in 1980 with over 40 years of experience investing in the lower middle market. RFE’s investment strategy is to transform its portfolio companies from the lower end of the market to fully professionalized and market leading middle market companies. RFE is currently investing out of Fund IX. For more information, please visit www.rfeip.com
The lines between IT and business have blurred. The merger of ThreeBridge Solutions and Keyot gives businesses throughout the midwest and southeastern U.S. a single consulting partner that understands and serves both sides of their organizations, providing real and more efficient solutions.
It’s a move as satisfying as snapping the final piece into a jigsaw puzzle. The new firm, operating under the ThreeBridge brand, combines the complementary strengths and shared core values of ThreeBridge Solutions, a strategic provider of business and IT consulting solutions, and Keyot, a boutique consulting firm specializing in project delivery, workforce transformation and management consulting.
“We are two really great companies using our shared workforce with a common mission of solving our clients’ problems,” says ThreeBridge Founder and CEO Jim Kelly. He likens this business model to three concentric circles solving an unmet need. “We offer consultative thought leadership supported by flexible engagement models that meet our clients where they are; the third circle is building our own supply chain of talent. No other consulting company can offer all of this.”
Adds ThreeBridge Chief Integrator and former Keyot CEO Laura Gorman, “Our ultimate goal is to enable our clients, not to create dependence on us. Most of our clients are going through transformation and looking to us to lead them through organizational changes. Instead of our services being siloed into just IT or operations, we can now give them exactly what they need by offering collective solutions to their entire organizations.” To learn more about ThreeBridge Solutions’ innovative approach to consulting and supporting their consultants and communities, visit www.ThreeBridge.com.
About ThreeBridge Solutions
ThreeBridge Solutions is a national provider of talent, training, and advice within their core solutions: Business Transformation, Enterprise Systems, Digital Innovation, Smart Data, and Crew, junior talent development. Nationally, ThreeBridge has 1,000+ consultants across 150 clients, and is growing rapidly by building new capabilities and expanding geographies.
About Keyot
Keyot, a boutique consulting firm, focuses on putting together the right team of senior and junior talent specifically for each clients’ unique work environment. Every project focuses on enablement, not dependency, with a mix of core solutions: Agile and product transformation, strategic staffing, future workforce, compliance remediation, management consulting and training academy.
About RFE
RFE Investment Partners is a private equity firm focused on making control investments in established small market companies located in the United States. RFE is a long-standing Connecticut-based firm founded in 1980 with over 40 years of experience investing in the lower middle market. RFE’s investment strategy is to transform its portfolio companies from the lower end of the market to fully professionalized and market leading middle market companies. RFE is currently investing out of Fund IX. For more information, please visit www.rfeip.com
RFE Investment Partners is pleased to announce that its portfolio company, Trident Motion Technologies, recently completed the acquisition of AllMotion, Inc. AllMotion is a recognized leader in the design and manufacturing of servo and stepper controls to a wide range of industries and will be part of Trident’s American Control Electronics (“ACE”) division. “The addition of AllMotion is a strong strategic addition to ACE’s control technology bandwidth, bringing Servo, Stepper, and complex motion capability to our growing product suite. Alongside our existing AC, DC, and EC control products, we’re very pleased to offer this expanded capability” said ACE President Dan Schnabel
“We’re happy to join forces with ACE, and take advantage of their existing brand, channel, and presence in the control market, and offer our motion expertise with their broad range of power capability” said David Goodin, one of the founders of AllMotion.
About Trident Motion Technologies:
Trident Motion Technologies is a global powered motion solutions provider, including AC and DC motors, gearmotors and electronic drives; with engineering, sales and production capabilities both in the US, and in company owned operations in China. This allows Trident Motion to offer local support and responsiveness to our customers, while also providing the advantage of global quality systems and cost competitiveness. Trident Motion was formed by combining the capabilities of several strong US based businesses; HTI Technology, American Control Electronics, and Klauber Machine & Gear.
About RFE
RFE Investment Partners is a private equity firm focused on making control investments in established small market companies located in the United States. RFE is a long-standing Connecticut based firm founded in 1980 with over 40 years of experience investing in the lower middle market. RFE’s investment strategy is to transform its portfolio companies from the lower end of the market to fully professionalized and market leading middle market companies. RFE is currently investing out of Fund IX. For more information, please visit
www.rfeip.com
RFE Investment Partners portfolio company ZRG Partners – a human capital services company recognized as one of the industry’s fastest growing firms – today announced the acquisition of Walking the Talk, a top consulting and advisory firm focused on culture transformation.
Walking the Talk is a world leader in enhancing performance results by aligning culture with strategy. Since the company started 11 years ago, culture has landed firmly on the agenda of most executive teams and boards of directors. As pioneers in this field, understanding the impact culture has on growth, performance and reputation, Walking the Talk has grown to become the largest consulting firm solely focused on the culture agenda. The firm operates globally and has supported clients on dozens of engagements, which can last anywhere from a few months to a few years.
“Hiring top talent that aligns with a clients culture objective has been a key success factor for ZRG. With the addition of Walking the Talk, we will expand our consulting and talent solutions capabilities, helping our clients address challenging topics like change management and culture transformation,” said Larry Hartmann, CEO of ZRG.
“Walking the Talk’s intellectual property developed by Carolyn Taylor and the team will enhance our ability to understand, measure and assess culture contribution at multiple levels,” he added. “We see great power in the combination of our two businesses.”
ZRG has already begun incorporating Walking the Talk’s intellectual property and cultural insights into its Zi platform. This new and improved combined toolkit enables ZRG to bring more rigor, more data and more thoughtfulness to each client’s hiring decisions.”
Hunt Scanlon Ventures facilitated the introduction of ZRG Partners and Walking The Talk.
About Walking the Talk
For over a decade Walking the Talk has grown to become the preeminent firm in the field of culture advisory. The firm services a wide range of clients focusing exclusively on culture and how leaders can use culture to influence and drive business performance. Through the application of its proprietary tools and intellectual property Walking the Talk has made a tremendous impact on its clients helping them navigate day to day interactions as well as transformative business events. Service lines such as target culture mapping, culture surveys, diagnostics and other capabilities allow Walking the Talk to repeatedly deliver the very best advisory solutions to its clients on every engagement.
About ZRG
Over the past four years, ZRG has been the leader in top line growth and increasing market share through its talented workforce and its investments in industry leading innovations and talent acquisition tools supporting its clients in making better informed and timely talent decisions. The proprietary collaborative Zi platform with its integrated Z Score, Compensation Tools, Interview Insights, and Culture Fit Score have accelerated the hiring process more than 30% with better decision making. Since 1999, ZRG’s data-driven approach to executive and professional search has changed the way its clients think about acquiring top talent. For over 20 years, clients have trusted ZRG to recruit top talent around the world. Today, ZRG is recognized as the fastest-growing global search firm and provides a full suite of retained executive management and customized talent solutions through its locations in North America, South America, Europe, the Middle East, and Asia.
About RFE
RFE Investment Partners is a private equity firm focused on making control investments in established small market companies located in the United States. RFE is a long-standing Connecticut-based firm founded in 1980 with over 40 years of experience investing in the lower middle market. RFE’s investment strategy is to transform its portfolio companies from the lower end of the market to fully professionalized and market leading middle market companies. RFE is currently investing out of Fund IX. For more information, please visit www.rfeip.com.
RFE Investment Partners
36 Grove St
New Canaan, CT, 06840
(203) 966-2800
www.rfeip.com
Seffner, Florida – July 1, 2021
Veransa Group, Inc. – a newly formed company formed by Marc Owensby, Roger Johansson, and RFE Investment Partners –has acquired Consolidated Resource Recovery, Inc. (“CRR”) – the largest and oldest yard waste collection and recycling network in Florida, and Florida Organic Solutions, Inc. (“FOS”) – a leading Florida-based organic compost manufacturer.
The acquisition of both CRR and FOS creates a leading, vertically integrated, green-waste organic recycling compost manufacturer in Florida. Veransa vertically integrates green waste collection centers with commodities manufacturing facilities to achieve highest-value use, waste-to-organic commodities production. Veransa aggregates green waste and transforms it, using electrically powered processing equipment, into useful products on an industrial scale, including soil-regenerating, OMRI Listed® organic compost and blended soils, and processes wood waste into the feedstock for decorative mulch and renewable energy.
“CRR is the most successful and respected green waste collections and processing company in Florida, and FOS is one of the most trusted organic compost manufacturers. We are thrilled to have them as part of our group,” said Marc Owensby, CEO of Veransa Group Inc.
“By combining FOS with CRR we will be able to unlock value and generate efficiencies that will transform the urban wood and yard waste industry in Florida,” added Roger Johansson, Exec. Chairman of the company.
Douglas Halward, President of CRR noted, “CRR looks forward to being a meaningful driver of growth as part of the Veransa Group.” Mr. Halward will remain President of CRR as well as becoming a shareholder and Board Member of the Veransa Group.
Veransa Group is an Environmental, Social, and Governance (ESG) portfolio company of RFE Investment Partners – a Connecticut-based private equity firm.
“We are thrilled to partner with the Veransa team on this exciting venture that is a perfect match with RFE’s investment strategy,” said Michael Rubel, Managing Director at RFE.
Veransa will continue to expand its vertical integration strategy with the development and acquisition of additional collection centers and organic compost manufacturing facilities throughout Florida.
Middlemarch Partners served as the investment banking advisor for Veransa Group, Inc.
About Veransa
Based in the Tampa-bay region of Florida, Veransa specializes in transforming urban wood and yard waste into valuable commodities on an industrial scale. Veransa vertically integrates green waste collection centers with commodities manufacturing facilities to achieve highest-value use, waste-to-organic commodities, production. Veransa aggregates green waste and transforms it, using electrically powered processing equipment, into useful products on an industrial scale, including soil-regenerating, OMRI Listed®, organic compost and blended soils, that are free of biosolids or manure. It also processes wood waste into the feedstock for mulch and renewable energy.
New Canaan, CT – July 1, 2021
RFE Investment Partners has hired James Karle to join the firm as a Vice President on the investment team.
Prior to joining RFE, Mr. Karle served as a Senior Associate with KPS Capital Partners. Prior to KPS, Mr. Karle was a Senior Associate with High Road Capital Partners focused on lower middle market transactions. Mr. Karle’s experience is across multiple industries, including manufacturing, distribution, and business services.
Mr. Karle received his MBA from the NYU Stern School of Business and his BS from Boston College.
“It is a pleasure to welcome James to RFE” said Michael Foster, Senior Managing Director at RFE.
“James brings extensive private equity execution experience to the RFE team and has a style and culture that fits perfectly with RFE and our portfolio companies”, said Michael Rubel, Managing Director at RFE. “We are confident that his skills will prove valuable in helping RFE thoughtfully partner with and grow small market companies.”
James’ role will include deal origination, assessing new investment opportunities, leading due diligence efforts, and managing portfolio company investments. James is currently active on GlobalIFS (RFE VIII company) as well as RFE IX companies: ZRG Partners, Friendly Home Services, and Veransa Holdings – where James will serve on the Board of Directors.
About RFE Investment Partners:
RFE Investment Partners is a private equity firm focused on making control investments in established small market companies located in the United States. RFE is a long-standing Connecticut-based firm founded in 1980 with over 40 years of experience investing in the lower middle market. RFE’s investment strategy is to transform its portfolio companies from the lower end of the market to fully professionalized and market leading middle market companies. RFE is currently investing out of Fund IX. For more information, please visit www.rfeip.com.