HKW sells RST Instruments to Vance Street Capital
U.S. private equity firm Hammond, Kennedy, Whitney & Co has sold RST Instruments Ltd, a Maple Ridge, British Columbia-based maker and marketer of geotechnical measurement instruments. No financial terms were released for the deal, which will see the company go to Vance Street Capital, a U.S. private equity firm. Founded in 1977, RST serves a wide range of end markets, including utilities, mining, infrastructure and oil and gas. It was acquired by HKW in 2014. RST CEO Bruce Ripley said his company effectively doubled in size during HKW's period of ownership. In a separate release, Vance Capital said it will support RST's continued organic and acquisition-led growth.
7 September 2017•2 mins read
