Renovo Capital Acquires Rochester Gauges LLC

(June 15, 2018) — Dallas, Texas-based Renovo Capital LLC recently announced it had acquired Rochester Gauges LLC from Gas Equipment Co. (Dallas). Details of the transaction were not released. Renovo notes the acquisition launches a new platform investment in the sensor and measurement space in partnership with industry executive and operating partner Frank Guidone, who previously led Measurement Specialties Inc., a business he sold to TE Connectivity in 2014.

Founded in 1913, Rochester Gauges is a manufacturer of gauges and sensors that measure liquid levels. Renovo’s investment will allow Rochester to continue its long history of manufacturing, as well as provide the resources and expertise to accelerate development of leading-edge products.

“We are excited to continue the legacy that the LaDue family has successfully built over many decades of ownership,” said Guidone. “Our priority will continue to be operating at a high level of quality and customer service, as well as grow the business in current and new markets.

We believe that Rochester serves as an optimal foundation for growth, both organically and through acquisition, in order to create a broad-based liquid level measurement business.”

Rochester Gauges is a manufacturer of gauges and sensors that measure liquid levels of various fuels, including propane, gasoline, and diesel for various applications such as residential and commercial propane tanks, forklifts, recreational vehicles, lawn and garden equipment, tractors, and personal aircraft. Rochester has manufacturing facilities in Dallas, Mexico City, and Brussels and has a sales office in Shanghai. Renovo Capital is a private equity fund that partners with business owners, entrepreneurs, and management teams to invest in specialty manufacturing and business service companies. Renovo has offices in Dallas and Denver.

(SOURCE: The Weekly Propane Newsletter, June 18, 2018)