One Equity sells Resolute Holdings; makes 2.1x on deal
One Equity Partners said March 8 that it closed the sale of Resolute Industrial Holdings LLC. Financial terms weren’t announced. Resolute Industrial, of Indianapolis, provides York-brand chilling products, compressor remanufacturing, refrigerant storage, and other heating, ventilation, air conditioning and refrigeration equipment services. The Resolute sale produced an IRR of 28 percent for One Equity, which made 2.1x its money on the transaction, a source said. One Equity declined comment. UPDATE: The buyer was AE Industrial Partners LP.
8 March 2019•3 mins read
