Cortec Group Acquires Rotating Machinery Services
June 1, 2019
Cortec Group, through Cortec Fund VI in partnership with RMS management, acquired Rotating Machinery Services (RMS), a Bethlehem, Pennsylvania-based provider of aftermarket repair, maintenance and overhaul services for large rotating machinery. The seller was Incline Equity Partners, which had been the prior institutional investor since 2015; RMS has ~200 employees, multiple service locations (including Houston), and serves a global customer base across industrial end markets.
- Buyers
- Cortec Group Fund VI, L.P., RMS management (management co-investors)
- Targets
- Rotating Machinery Services, Inc.
- Sellers
- Incline Equity Partners
- Industry
- Industrial Services
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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