(July 12, 2011) – Rockwood Equity Partners, a private investment firm based in Cleveland and New York City, announced today that, in partnership with Founder and Senior Advisor Lee Boyd, it has recapitalized Amistco Separation Products, Inc., a manufacturer of highly engineered products and solutions used in separation processes for liquids and gases.
Founded in 1991 and based in Alvin, Texas, Amistco provides solutions for a wide range of separation applications, including mist eliminators, mass transfer products and wedge wire screen products. The company has a diverse, global customer base across a variety of growing end markets, including chemicals, oil and gas, wastewater and power generation, among others.
“Amistco is a strong business with two decades of consistent growth and significant potential yet to be realized,” said Brett R. Keith, Managing Director of Rockwood Equity Partners. “We believe there are many opportunities to help the Company innovate and grow within the market, and we look forward to working with Amistco’s management team to accomplish our shared goals.”
In conjunction with the transaction, Lee Boyd, Founder and former President of Amistco, will remain active in the business while transitioning into a senior advisor role and serving on the Company’s Board of Directors. Leading Amistco’s operations going forward will be Kevin Orff, who has been named President of the Company. Kevin brings to the company nearly 20 years of international experience, most recently having served as President and Global Sales Manager of the mist elimination division of Swedish-based MUNTERS AB.
“The expertise, strategy and commitment now are in place to help Amistco reach the next level,” said Boyd. “With the leadership of Kevin Orff and support of Rockwood, Amistco’s business will grow through deeper internal management and engineering, an enhanced sales force, strategic acquisitions and expanded product offerings.”