Roll-Rite, a manufacturer of automated tarping systems serving the construction, refuse and agricultural industries, announced that it has been acquired by Capital Partners, a private investment firm located in Greenwich, Conn., in conjunction with minority partners Argosy Capital and management. Terms were not announced.
“This is the classic win-win scenario,” says Brad Templeman, chief executive officer of Roll-Rite. “Roll-Rite has enjoyed a very successful growth initiative, even in a lean economy, by developing innovative market-driven products and through expansion into new domestic as well as international markets. Capital Partners brings to us a proven track record of providing a strong balance sheet to support growth, and assisting companies to get to the next level.”
Capital Partners purchased Roll-Rite from Copeley Capital out of Charlotte, N.C. “The addition of Roll-Rite to our portfolio is a very exciting prospect,” says Mark Allsteadt, managing director of Capital Partners. “We have a strong interest in the manufacturing sector, and look for small to mid-sized innovative companies with unique technologies – companies like Roll-Rite – that also share our key philosophies of lean enterprise and action-based planning disciplines. Capital Partners believes in being patient and disciplined investors who support exceptional management teams as they develop their business. We look forward to working with Roll-Rite as they expand into more new markets and reach out to new customers.”