Leola, PA – FC Crestone LLC (“Crestone”) and Trendline Capital Equity Partners I, LP (“Trendline”), together are pleased to announce that through affiliates, they have completed the acquisition of Ross Technology Corporation (“Ross” or the “Company”). Financial terms of the transaction were not disclosed.
Ross is a leading designer, marketer, and manufacturer of high value-add steel products used primarily in safety, security and material handling end-markets. The Company’s products are utilized in highly recognizable projects around the world including the World Trade Center, United States Embassies and Consulates, and the Denver Mint. The Company operates three manufacturing facilities in Leola, PA and employs more than 130 employees.
“We are excited to own and support Ross as one of the leading manufacturers of highly-engineered steel and structural products globally. Ross has an impressive base of long-standing domestic and international blue-chip customers. The Company is a perfect fit for our strategy of acquiring high-quality businesses which present attractive opportunities for value creation.” –Rich Horrigan, Partner of Crestone.
“We are honored to continue the legacy built by Don Speicher over the past fifty years. We look forward to working with Crestone and the Ross management team to grow the Company both organically and through strategic acquisition.” –Dan Casciano, Managing Partner, Trendline Capital.
“The principals of Trendline and Crestone bring to bear decades of experience investing in and growing manufacturing companies. It’s a great marriage for Ross in terms of taking the Company to our next level of prosperity.” –Jay Otto, CEO and President, Ross Technology.
Financing for the transaction was provided by Fifth Third Bank and Leisawitz Heller served as legal counsel to Crestone and Trendline.