Transaction
R.S.T. Instruments Ltd., a portfolio company of Hammond, Kennedy, Whitney & Company, Inc., has been acquired by Vance Street Capital. Quarton International acted as the exclusive investment banking advisor to RST and HKW.
Founded in 1977 and headquartered in Maple Ridge, British Columbia, RST designs and manufactures highly-engineered geotechnical instrumentation, sensors and data systems for applications where structural integrity must be assured. End use applications for RST’s products include critical structures such as bridges, hydroelectric dams, mines, railroads, airports, tailings dams, tunnels and highways. RST’s products monitor, measure, log and transmit readings of geotechnical properties such as inclination, pressure, displacement and temperature so that customers can manage risks, increase productivity and reduce costs.
Client
Hammond, Kennedy, Whitney & Company, Inc. is a private equity firm founded in 1903 with offices in Indianapolis and New York. Since 1982, HKW has sponsored 54 platform transactions of middle-market companies throughout North America, as well as 61 add-on acquisition
Buyer
Vance Street Capital, LLC is a Los Angeles-based private equity firm which invests in middle-market businesses in the medical, aerospace, defense and industrial sectors. For over two decades, Vance Street’s partners have worked with management, family owners and other co-investors to accelerate revenue growth, improve operations and acquire strategic assets for the companies in their investment portfolio.
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