MVA counsel to Senior Management of Rotating Machinery Services, Inc. during acquisition
Moore & Van Allen served as counsel to senior management of Rotating Machinery Services, Inc. (“RMS”), a portfolio company of Incline Equity Partners (“Incline”), during the recent acquisition by Cortec Group, Inc. (“Cortec”) which was finalized on June 10.
The lead attorneys representing RMS management on this matter were Investment Team Member John Gilson and Corporate Member Carolyn Meade, and Investment Team Associate Seth Walker. The specialists advising RMS management on this transaction were Charlotte Taxation Member Rob Fisher and Counsel Randy Clark; Employee Benefits Member Danny Johnson and Senior Counsel Beth Yount Grimes; and Employment & Labor Member Ben Fryer.
About Rotating Machinery Services, Inc.
Rotating Machinery Services, Inc. (www.rotatingmachinery.com), headquartered in Bethlehem, PA and founded in 1997, is a national, multi-location aftermarket turbomachinery services company, providing repairs, re-rates and parts for industrial rotating machinery and equipment, including compressors, expanders and turbines.
About Incline Equity Partners
Incline Equity Partners (www.inclineequity.com), headquartered in Pittsburgh, Pennsylvania, is a private equity firm investing in manufacturing, distribution and business services companies. Incline is generally seeking growing companies with enterprise values of $25 – $300 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.
About Cortec Group, Inc.
Cortec Group, Inc. (www.cortecgroup.com) invests in high value-added, middle-market consumer, healthcare, and specialty products, service, and distribution businesses in partnership with owners and management teams who want to work with Cortec to drive growth and improve business fundamentals.