Deal Story – Rhodes Manufacturing Inc. Generational Capital Markets, Inc., member FINRA/SIPC, ("GCM") an advisor to privately-held businesses for mergers & acquisitions, is pleased to announce the acquisition of its client, Rhodes Manufacturing Inc. (Rhodes), headquartered in Somerset, Ohio, by 3 Rivers Capital, headquartered in Pittsburgh, Pennsylvania. The acquisition closed on March 31, 2015.
Rhodes designs, fabricates, and repairs/refurbishes custom steel and aluminum storage and fluid containment takes for the petroleum, agriculture, and various other industries. The Company bills itself as an "oil field specialist since 1977", providing new and used storage tanks in various sizes and can customize tanks to customer specifications. To learn more, visit www.rhodestanksrus.com. Managing Director Chris Heckert was the GCM M&A advisor for Rhodes on the transaction. Heckert stated,
"I believe this acquisition to be an exciting opportunity for Rhodes as it will enable them to continue to provide their first-class products to a wider footprint." Founded in 2005, 3 Rivers Capital focuses on equity recapitalizations and buyouts of companies with revenue of up to $50 million, in chiefly niche manufacturing and specialty service businesses where it believes it can create value. To learn more, visit www.3riverscap.com.