Investment bank Bundy Group has brokered the sale of RAM Industrial Services in Leesport, Penn., to Illinois-based Industrial Service Solutions and its private equity partner Bolder Capital. RAM was sold to obtain liquidity for its shareholders and provide RAM management with a national partner that could help grow the company. Bundy Group has offices in Roanoke and Charlotte, N.C.
Here is the press release form Bundy Group.
Bundy Group, an investment bank with offices in Roanoke, Virginia, and Charlotte, North Carolina, is pleased to announce the sale of RAM Industrial Services, Inc. (“RAM” or the “Company”), a Leesport, Pennsylvania-headquartered industrial apparatus equipment repair services and distribution company. RAM was acquired by Industrial Service Solutions (“ISS”) and its private equity partner, Bolder Capital. ISS is a Chicago, Illinois-based strategic participant that specializes in equipment repair services, manufacturing and distribution. The purpose of the sale was to obtain liquidity for the RAM shareholders and to provide RAM management with a national partner that could help accelerate the growth of the company. Bundy Group served as exclusive advisor to RAM and its shareholders in the sale process.
“ISS is a first-class organization,” said Jeff Musser, CEO of RAM.
“We are excited to join forces with a company as equally diverse and resourceful as Industrial Service Solutions. I believe that our combined company will offer a national service and product distribution capability unmatched by any other player in the industry.” Jim Rogers, Chairman & CEO of ISS, stated, “We are very pleased to have RAM, under the leadership of Jeff Musser, join our family of companies.”
About RAM Industrial Services
RAM Industrial Services has seven branches located throughout Pennsylvania, Maryland, and Virginia. RAM provides in-house and on-site field service repair and maintenance solutions for a variety of industrial equipment and electrical apparatus, including motors, transformers, generators, and pumps. Through RAM’s product distribution division, the Company is able to offer clients a “one stop shop.” In addition, the Company has a division that provides design and engineering services for water and wastewater treatment systems for a range of industrial and municipality clients. RAM services clients across a range of industries, including rail and transit, chemicals, steel, natural gas, and municipalities.
About Industrial Service Solutions
Industrial Service Solutions, a Bolder Capital-backed holding Company, is headquartered in Chicago, Illinois. ISS has seven geographically diverse companies in its portfolio, which offer field service, shop service and supply service solutions to multiple industrial customer markets.
Equipment focus areas include: pumps, valves and actuation, compressors and blowers, motors and generators, mixers, extruders and presses and numerous other types of related process equipment.
About Bundy Group
Bundy Group is a boutique investment bank with offices in Roanoke, Virginia and Charlotte, North Carolina. The company specializes in representing business owners and management teams in business sales, acquisitions and capital raises for clients. The 24-year old firm has closed over 200 transactions across a broad range of industries.