NEW YORK, March 1, 2018 – One Rock Capital Partners, LLC (“One Rock”) announced today that one of its affiliates has completed the previously announced acquisition of Robertshaw Holdings S.a.r.l. (“Robertshaw”).
Headquartered in Itasca, Illinois, Robertshaw is a global leader in thermal, flow and control management products and solutions for residential and commercial appliances, HVAC and transportation applications. Robertshaw serves its global blue-chip customer base through manufacturing, R&D and distribution facilities in 11 countries around the world.
One Rock Managing Partner R. Scott Spielvogel commented, “Robertshaw is an industry leader with a strong reputation in the market and proven commitment to its customers. The One Rock team is excited to work alongside Robertshaw’s outstanding management team to build upon the Company’s success.”
CEO Mark L. Balcunas will continue to lead the Company and stated, “We are excited about our new partnership with One Rock. Their support will be instrumental as we continue to invest in our core business, leverage our control solutions into adjacent markets and pursue acquisitions to drive our growth strategy.”
Tony W. Lee, Managing Partner of One Rock, added, “We believe Robertshaw can deliver even greater value for customers and accelerate its growth utilizing the resources and experience of One Rock and our Operating Partners.”
Robertshaw is a leading global provider of components, systems, and services used in the appliance industry and in heating, air conditioning and refrigeration for the residential and commercial markets. Robertshaw has more than 6,100 employees in 11 countries, and is headquartered in Itasca, Illinois.
One Rock makes controlling investments in companies with potential for growth and operational improvement using a rigorous approach that utilizes highly experienced Operating Partners to identify, acquire and enhance businesses in select industries. The involvement of these Operating Partners affords One Rock the ability to conduct due diligence and consummate acquisitions and investments in all types of situations, regardless of complexity. One Rock works collaboratively with company management and its Operating Partners to develop a comprehensive business plan focused on growing the enterprise and enhancing its profitability to enhance long-term value. For more information, visit www.onerockcapital.com.
One Rock Capital Partners, LLC: (212) 605-6000