Ronin Equity Partners Creates DK2 Platform with Acquisitions of DK2, SnowBear and Currahee Trailers

Ronin-backed Engenuity Acquires Woodmaxx

March 20, 2024

Manufacturing

Ronin Equity Partners financed the acquisition of Akron, New York-based Woodmaxx by Engenuity Outdoor Equipment (formerly DK2) with a $25 million term-loan facility. The deal adds roughly $20 million of annual revenue and approximately $5 million in synergies, brings domestic manufacturing and power take-off product capability into Engenuity, and Woodmaxx owners (including founder Kurt Schie) are reinvesting a substantial portion of proceeds into a double-digit minority stake.

Ronin Equity Partners Acquires Red Apple Cheese, Barron County Cheese and Cheese Brothers to Build Specialty Cheese Platform

June 7, 2021

Food & Beverage

Ronin Equity Partners acquired Red Apple Cheese, Barron County Cheese and Cheese Brothers and combined them into a newly created, vertically integrated platform to consolidate the U.S. specialty cheese and charcuterie market. The group will operate as an omni-channel platform—combining manufacturing, co-packing and e-commerce—while existing management and founders retain significant stakes and Ronin provides operational and roll‑up expertise.

Ronin Equity Partners Creates Lotus Beverage Alliance by Merging Six Craft Beverage Equipment Suppliers

April 20, 2023

Manufacturing

Ronin Equity Partners formed Lotus Beverage Alliance through the simultaneous merger of six U.S. craft beverage equipment suppliers — Alpha Brewing Operations, GW Kent, Twin Monkeys, Stout Tanks and Kettles, Brewmation, and Automated Extractions — in a transaction valuing the combined group at about $100 million. Ronin owns the majority of the new platform (Lotus Beverage Alliance), which will operate as an end-to-end supplier for craft beer, wine, RTD, coffee, kombucha and other beverage producers and is positioned for further add-on acquisitions with pre-arranged financing available.

TriWest and Roynat Partner to Form Outdoor Adventure Group, Acquiring Northern Lite and Off Grid

September 21, 2022

Manufacturing

TriWest Capital Partners, alongside Roynat Equity Partners with financing support from Export Development Canada, has partnered with Northern Lite Truck Campers and Off Grid Trailers to form Outdoor Adventure Group, acquiring both businesses from KV Private Equity. The deal creates a Canadian platform consolidating two niche recreational vehicle brands to support growth across dealer and direct-to-consumer channels in North America.

Ronin Equity Partners Acquires QBD and Minus Forty to Create Refrigerated Display Platform

September 7, 2021

Manufacturing

Ronin Equity Partners has acquired two Greater Toronto–area manufacturers of commercial refrigeration equipment, QBD and Minus Forty, in a $230 million transaction. Ronin will merge the businesses as a platform for buy-and-build consolidation in the fragmented refrigerated display market, with several institutional and family-office co-investors participating.

Spartaco (Platte River Equity Portfolio) Acquires Ronin Revolution Corp.

August 8, 2023

Manufacturing

Spartaco Companies, a portfolio company of Platte River Equity, has acquired Ronin Revolution Corp., a Placentia, California manufacturer of battery-powered ascenders and climbing accessories. The acquisition adds Ronin's powered ascenders to Spartaco's portfolio of professional-grade tools to expand capabilities and accelerate Ronin's growth across telecommunications, utility, arborist and military end markets.