Relevant Industrial Secures Strategic Investment to Propel Growth and Innovation
Relevant Industrial, LLC, a prominent name in industrial equipment and tailored solutions, has announced a pivotal acquisition by Fusion Capital Partners, marking a significant milestone in its trajectory. The investment comes as LKCM Headwater Investments, a long-time partner, relinquishes a majority stake but will continue to support by reinvesting, maintaining a minority stake in the company. This newly forged partnership with Fusion is seen as a major step forward that will not only inject capital but will also enhance Relevant Industrial's capabilities in the competitive industrial solutions market.
John Carte, the CEO of Relevant Industrial, expressed his gratitude towards LKCM for their unwavering support throughout their partnership which has been critical for the company's growth thus far. He highlighted the excitement surrounding the new opportunities that this transition presents, looking forward to working closely with Fusion. "I am confident that with Fusion's expertise and innovative approach, we will continue to build on our strong foundation and create even greater value for our team and our stakeholders," Carte stated.
Forrest Beck, the Vice President at Fusion, emphasized the strengths of Relevant, including its solid supplier relationships and a committed customer base. The collaborative efforts between the management team of Relevant and Fusion aim to support the company's growth through a mix of organic initiatives and strategic acquisitions. Beck noted that the partnership is poised to enhance Relevant's ability to tackle crucial challenges faced by customers in the industrial sector.
Tom Cutting, a principal at Fusion, shared the firm's mission to foster leading companies in the industry through close collaboration with management partners. He noted how Relevant Industrial aligns perfectly with Fusion's values, especially its strong commitment to customer and supplier success and strategic vision. With an eye on future expansions, Cutting is excited about investing in innovative technologies to better serve the growing customer base.
Andy Zacharias from LKCM expressed pride in having been part of Relevant's journey, underscoring their belief in the potential of the business as reflected by their decision to reinvest. He highlighted the company's robust leadership and dedication to innovation as key drivers for future growth. He firmly believes that the continued partnership will amplify the value allotted to all stakeholders involved.
The operations of Relevant Industrial will remain headquartered in Houston, Texas, under the existing management team who are well-versed in navigating the complexities of the industrial market. Jefferies LLC functioned as the exclusive financial advisor to Relevant, while Foley & Lardner LLP provided legal counsel throughout this transition.