A Bethlehem manufacturer has been acquired by a private equity firm.
Rotating Machinery Services Inc., an original equipment manufacturer and provider of parts and services to the turbomachinery industry around the globe, has been acquired by Arcline Investment Management.
Founded in 1998, RMS works in the aftermarket turbomachinery business.
The company provides services including parts manufacturing, component repair, engineering, metrology and service.
“RMS demonstrates key traits we look for in our portfolio companies as a provider of mission critical, highly engineered, non-discretionary aftermarket parts and services to a massive installed base of critical infrastructure,” Arcline commented in a release. “The Company has an excellent reputation among customers and employees and is led by an experienced and deeply knowledgeable management team. We are confident the growth-oriented culture at RMS will fit well within the Arcline portfolio, and we are excited to partner with the management team for the Company’s next chapter of growth.”
John Bartos, CEO of RMS, also commented on the acquisition. “Arcline’s deep industry and business model experience and focus on growth is a perfect match with our management team, employees, and customers,” Bartos said. “Our success has been made possible by the hard work and dedication of the entire team at RMS, and we look forward to working with Arcline to continue executing on our vision to redefine the aftermarket turbomachinery business through superior parts offering, service, expertise, and customer focus.”
