One Equity-backed Resolute Industrial buys Tioga HVAC

One Equity Partners said Aug. 7 that its portfolio company Resolute Industrial LLC has completed the acquisition of Tioga HVAC Rentals. Financial terms weren’t announced. Mangrove Equity Partners and Hunter Equity Capital were the sellers. Tioga, of Detroit, supplies heating and small-tonnage cooling equipment. Oppenheimer & Co Inc advised Mangrove Equity Partners and Hunter Equity Capital in the sale of Tioga to Resolute.

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