Triad Technologies Announces the Acquisition of Rilco Industrial Controls
Vandalia, OH — October 17, 2017 - Triad Technologies (Triad), a portfolio company of Svoboda Capital Partners LLC, is pleased to announce the acquisition of Rilco Industrial Controls, Inc. and all its subsidiaries, including E&M Automation Equipment Co. and Cincinnati Controls, Inc. (collectively, “Rilco”) to further expand its product offering in key markets. Rilco is headquartered in Cincinnati, Ohio where it has served regional customers since 1979.
Rilco, an industrial automation solutions provider serving Southern Ohio, Northern Kentucky and Eastern Indiana, specializes in sensing technologies for manufacturing processes. Rilco is an authorized distributor for sensors, safety controls, process controls, and bar code reader systems.
“We are pleased to welcome Chris Cowell and his team to the Triad family,” stated Doug Wissman, President and Chief Executive Officer of Triad Technologies, LLC. “The combination of Rilco’s vision, safety, and sensor lines with Triad’s motion, robotic, and fluid power products will allow us to offer comprehensive automation solutions to an expanding customer base,” Wissman added. “Moreover, we share a common commitment to service, technical expertise, and support.”
Chris Cowell, President and Chief Executive Officer of Rilco added, “This combination is a tremendous opportunity for both our customers and our employees. We now have additional resources and capabilities that allow us to offer a broader portfolio of products and services. This will better position Rilco to meet the needs of its customers, and it will create growth and development opportunities for our employees as well. Both companies are aligned culturally, and we expect an orderly transition as we integrate the teams.”
About Triad Technologies
Founded in 1981, Triad has grown to be one of the region’s leading distributors of hydraulic, pneumatic, electromechanical, filtration, and lubrication technologies. Triad provides a range of services including: system design and manufacturing, component service and repair, on-site plumbing, installation and emergency hose repair and replacement. It serves all of Ohio, Southeast Michigan and Northern Kentucky through 4 offices: Vandalia (Corporate Headquarters), Maumee, Akron, and Cincinnati, as well as ParkerStores throughout Ohio and Michigan. For more information, please visit (www.triadtechnologies.com)
About Svoboda Capital Partners LLC
Svoboda Capital Partners LLC is a Chicago-based private equity firm with over $350 million of capital under management. Founded in 1998, SC identifies, invests in and helps build excellent businesses in its targeted business niches: business services, value-added distribution, and consumer products. SC typically makes investments of $10 to $20 million per company in partnership with management teams.