Rezolut Partners With Southtowns Radiology To Expand Imaging Services In Western New York

November 28, 2023 – Hamburg, NY – Rezolut, LLC, a high-growth medical imaging business, is pleased to announce it has entered into a partnership agreement with Southtowns Radiology, headquartered in Hamburg, NY.

Southtowns Radiology is a multi-modality, all-digital radiology network in Western New York, consisting of three imaging centers in Erie County. Southtowns provides women’s imaging, preventative screenings, MRI, CT, Interventional Radiology, and a host of additional diagnostic imaging services. Founded in 1959 and led by a team of over 20 physicians, Southtowns is renowned for its compassionate technologists and board-certified radiologists – offering a patient-centric approach to care.

Over the decades, Southtowns Radiology has garnered the trust of both healthcare providers and patients through a commitment to delivering expertise and compassion at every stage. Their patient-centric approach focuses on providing top-tier diagnostic imaging services with exceptional quality. This is made possible by a team of highly qualified and widely respected physicians, as well as committed technologists and staff members in the imaging centers.

According to Dr. Jin Kim, CEO of Rezolut, “This partnership is important to Rezolut because of Southtowns’ dedication to the community it serves, its core values, and its vision of delivering exceptional patient-centered care align seamlessly with our own. We are excited to join a team of professionals who prioritize patients' health and employ innovation through expertise and advanced technology to improve health outcomes. Additionally, our partnership with Southtowns strengthens our footprint in the Northeastern United States.”

“We are very excited about the opportunity to work closely with Rezolut to explore the growth and expansion of our Radiology services,” said Dr. Asha Ziembiec, who has been serving as President of Southtowns Radiology. “We are also pleased to be able to continue operating our private practice group of Radiologists and will continue to provide interpretation services to Southtowns’ patients while partnering with Rezolut.”

The acquisition increases Rezolut's number of outpatient imaging centers to 43 nationally, with 19 in the Northeast. The move demonstrates Rezolut's commitment to building an innovative, national, multi-modal platform that delivers high-quality patient service.

About Rezolut, LLC

Rezolut is a national platform of diagnostic medical imaging services. With a focus on four key platforms, its mission is to provide and facilitate top-notch patient care, partnered with innovative technology, to achieve better health outcomes. To learn more about Rezolut, visit www.rezolut.com.

Industrial Inspection & Analysis Acquires Q-PLUS Labs

November 1, 2023 – Irvine, CA – As a growth-driven leader in lab and field testing, inspection, calibration, and engineering, Industrial Inspection & Analysis (IIA) is pleased to announce the acquisition of Q-PLUS Labs. Q-PLUS Labs joins Industrial Inspection & Analysis’s Lab Services division, effective November 1.

Based in Atlanta, Georgia, Industrial Inspection & Analysis has an extensive footprint across North America and an ever-expanding global presence in the industrial sector. With the addition of Q-PLUS Labs, Industrial Inspection & Analysis has 15 locations, including nine laboratories, across North America and China.

“We are excited to bring Q-PLUS Labs on board, and we look forward to growing together. As we leverage our combined lab expertise, technology and geographic footprint, this acquisition represents a win for both of our companies, as well as current and future customers,” says Christopher Niebuhr, Chief Executive Officer of Industrial Inspection & Analysis. “Q-PLUS Labs will enhance Industrial Inspection & Analysis’s premier Laboratory Services division and allow us to better serve customers on the West Coast. We are excited to welcome Q-PLUS Labs’ talented team to the IIA family.”

About Q-PLUS Labs

Since its founding in 1987, Q-PLUS Labs has built a reputation as a leader providing a wide range of quality dimensional measurement, inspection, reverse engineering, 3D scanning, CT scanning, modeling, part sorting and quality-related services and products. Q-PLUS Labs is ISO 9001:2015 registered, ISO 13485:2016 and AS9100D certified, and ISO 17025:2017 accredited.

“The team at Q-PLUS Labs has decades of experience helping manufacturers perfect their products. We are excited to bring our expertise and culture of excellence to Industrial Inspection & Analysis,” says Mike Knicker, CEO of Q-PLUS Labs. "As part of the Industrial Inspection & Analysis family, we will be able to provide our customers access to additional laboratory, inspection and engineering services that complement what we do, while still providing the great customer service and extreme attention to detail we are known for.”

About Industrial Inspection & Analysis

Industrial Inspection & Analysis is a leading inspection provider for a wide array of industries since its inception almost 100 years ago. In both laboratory and field settings, we offer a full range of non-destructive examinations (NDE), testing and certification, and lift, crane, fire and engineering solutions to ensure safety, performance and compliance. Driven by growth, Industrial Inspection & Analysis has an extensive footprint across North America and an ever-expanding global presence in the industrial sector.

As part of our mission to make the world safer, Industrial Inspection & Analysis is committed to operating in an environmentally and socially responsible manner, and to helping customers do so as well. Visit Industrial-IA.com.

Industrial Inspection & Analysis Services

• Laboratory Services: Industrial Inspection & Analysis has grown to become one of the largest and most trusted providers of lab services in North America and beyond. Serving a spectrum of industries, our lab capabilities include metallurgical, non-destructive, dimensional, mechanical, EMC/EMI, consumer goods, calibration, environmental and chemical analysis.

• Lifting Services: We have decades of experience providing on-site inspections and certifications and repair services to ensure the safety of overhead cranes, airline ground support equipment (GSE), bucket and fire trucks, and other aerial and lift devices. Industrial Inspection & Analysis is one of the only companies in the U.S. that offers on-site, live line testing for the electrical power industry.

• Industrial Inspections: Industrial Inspection & Analysis’s expert technicians are available 24/7 to support planned or unplanned inspection needs. Our toolkit includes both traditional and advanced NDE methods, such as corrosion mapping and laser profilometry, as well as proprietary technology like PASS® and ARMUT® for non-intrusive valve and pipe testing, and FAA-licensed drone inspections with intrinsically safe (IS), explosion-proof (EX) cameras.

• Engineering Services: Combined with inspection services, Industrial Inspection & Analysis’s engineering solutions are turnkey to solve quality and design challenges more efficiently in a wide variety of industries and applications. Our multidisciplinary engineering expertise includes reverse engineering, structural/civil, mechanical, crane accident investigation, lift planning and engineering, welding and materials and electrical.

Air Balancing Company, Inc. Joins the Palmetto Family

July 20, 2023 – Fort Worth, TX and Greenville, SC – Palmetto Air & Water Balance, LLC (“Palmetto” or the “Company”), a people first, high-growth independent Testing, Adjusting and Balancing business, is pleased to announce a transaction with Air Balancing Company, Inc. (“ABC”). ABC’s operations will be merged with Palmetto, and the combined business’ operations in Abilene, Fort Worth, and Lubbock will be known as Palmetto Air & Water Balance – Texas, LLC (“Palmetto – Texas”). ABC CEO Tracy Privitt will retire from the company, while ABC Vice President Bret Privitt will join Palmetto as VP of Texas Operations.

Air Balancing Company has served customers throughout the state of Texas for over 30 years, with a team of dedicated technicians and engineers with over 100 years of collective experience.

“We are thrilled to welcome our new teammates to our One Palmetto family as we conclude our second merger with a leading firm in Texas. ABC’s enthusiastic support will help us achieve our vision to be recognized as a world-class firm employing the most certified professionals in North America” said Palmetto CEO Rodney R. Hinton. “Bret and Tracy Privitt built the leading provider of Testing, Adjusting, and Balancing services in Fort Worth, and we are grateful for their trust and partnership as we continue to grow in the great state of Texas.”

Bret Privitt said, “The opportunity to partner with Rodney, Penny Hinton, and the broader Palmetto team was an excellent fit for us, our employees, and customers. The ABC team is excited to partner with Palmetto, whose excellent customer service has made it a leader in all its markets—including Texas.”

Mr. Hinton added that Mr. Privitt and other key leaders of ABC have made long-term commitments to remain with the Company. “We look forward to learning from the ABC team and continuing our strong growth in Texas,” Mr. Hinton concluded.

Palmetto’s transaction with ABC represents the Company’s second add-on as a Sunny River Management portfolio company, following Palmetto’s merger with N.D. White Engineering Services in January 2023. The Company is actively pursuing additional transactions to continue its exceptional growth trajectory.

The transaction was led by John Cote, Beau Brace, Andrew Martinez, and Joe Silverman of Sunny River Management. Palmetto was represented by Nelson Mullins Riley & Scarborough. Financing was provided by Deerpath Capital Management. Terms of the transaction were not disclosed.

About Palmetto Air & Water Balance:

Palmetto Air & Water Balance, LLC began in 1989, is headquartered in Greer, South Carolina and operates thirteen additional offices throughout North Carolina, South Carolina, Texas, and Virginia with over 140 teammates. Palmetto is a leader in the industry, providing validation of ventilation, comfort, and efficiency for occupants working in healthcare, Life Sciences, Education, Institutional and Industrial facilities.

SRM Announces Appointment of Joseph Silverman as Associate, Ken Kolling as Operating Advisor, and Promotion of Andrew Martinez to Senior Associate

March 30, 2023 – Atlanta, GA – Sunny River Management (SRM) is delighted to announce the appointment of Joseph Silverman as Associate in the Atlanta office, Ken Kolling as Operating Advisor and board member for SRM's portfolio company, Komline, and the promotion of Andrew Martinez to Senior Associate.

John Cote, Managing Partner at SRM, commented, "Joseph's experience in finance and investment management, combined with Ken's manufacturing expertise, will be invaluable to our team. We are confident in their ability to support our existing investments and identify new opportunities to create value. We also congratulate Andrew on his well-deserved promotion to Senior Associate."

Jeremiah Yu, Managing Partner at SRM, added, "We are excited to welcome Joseph and Ken to the team. Their unique skill sets and experiences will help us identify and execute high-quality investments and add value to our portfolio companies. Additionally, Andrew Martinez has been a valuable member of the SRM team over the last couple of years, and we are thrilled to announce his promotion."

As Operating Advisor and board member for Komline, Mr. Kolling brings experience in manufacturing and operations to his new role. Previously, he was a Senior Vice President in Operations at Danaher, where he had multi-plant manufacturing, engineering, supply chain, and R&D responsibilities. Before joining Danaher, Mr. Kolling worked for GE for 22 years. In his new role, Mr. Kolling will provide strategic guidance and operational support to Komline, as well as advise SRM's investment team on operational due diligence.

Mr. Silverman joins SRM from Macquarie Capital, where he was an Associate in the Aerospace, Defense, and Government Services coverage group, focused on M&A advisory. Prior to Macquarie, he served as a pilot and officer in the US Navy. Mr. Silverman earned his MBA from Georgetown University's McDonough School of Business and a Bachelor of Science in Mechanical Engineering from the Massachusetts Institute of Technology.

N.D. White Engineering Services, LLC Joins the Palmetto Family

January 24, 2023 – Abilene, TX and Greenville, SC – Palmetto Air & Water Balance, LLC (“Palmetto” or the “Company”), a people first, high-growth independent Testing, Adjusting and Balancing business, is pleased to announce a transaction with N.D. White Engineering Services, LLC. N.D. White’s operations will be merged with Palmetto, and the combined business’ Abilene, and Lubbock operations will be known as Palmetto Air & Water Balance – Abilene, LLC (“Palmetto – Abilene”). Founders Nick and Linda White will be retiring from the company following a transition period.

N.D. White Engineering Services has served customers throughout the state of Texas for over 30 years, with a team of dedicated technicians and engineers with over 100 years of collective experience.

“We are thrilled to welcome our new teammates to our One Palmetto family. This partnership helps us to achieve our vision to be recognized as a world-class firm employing the most certified professionals in North America” said Palmetto CEO Rodney R. Hinton. “Nick and Linda White built the leading provider of Testing, Adjusting, and Balancing services in West Texas, and we are grateful they have chosen to partner with us to steward their legacy.”

Nick White said, “Linda and I have known Rodney and Penny Hinton for years, and we could not be more excited that our business is joining the Palmetto family. Our shared values of Integrity, Respect, Professionalism, Teamwork and Excellence will ensure that our loyal customers will continue to receive excellent service from Palmetto – Abilene for years to come.”

Mr. Hinton added that key leaders of Palmetto – Abilene have made long-term commitments to spearhead Palmetto – Abilene’s future growth. “We look forward to learning and growing together,” Mr. Hinton concluded.

Palmetto’s transaction with N.D. White represents the Company’s first add-on as a Sunny River Management portfolio company. The Company is actively pursuing additional transactions to continue its exceptional growth trajectory.

The transaction was led by John Cote, Beau Brace, and Andrew Martinez of Sunny River Management. Palmetto was represented by Nelson Mullins Riley & Scarborough. Financing was provided by Deerpath Capital Management. Terms of the transaction were not disclosed.

About Palmetto Air & Water Balance:

Palmetto Air & Water Balance, LLC began in 1989, is headquartered in Greer, South Carolina and operates twelve additional offices throughout North Carolina, Texas and Virginia with over 100 teammates. Palmetto is a leader in the industry providing validation of ventilation, comfort, and efficiency for occupants working in healthcare, Life Sciences, Education, Institutional and Industrial clients.

Rezolut Partners With CNY Diagnostic Imaging to Expand Imaging Services in Central New York

December 12, 2022 – Syracuse, NY – Rezolut, LLC, a high-growth medical imaging business, is pleased to announce it has entered into a partnership agreement with CNY Diagnostic Imaging Associates, LLC, headquartered in Syracuse, NY.

CNY Diagnostic Imaging Associates, LLC is a multimodality, all-digital radiology network in Central New York consisting of three imaging centers in Onondaga County. CNY provides mammography, MRI, CT, ultrasound, and other diagnostic imaging services. The practice was founded in 1979 in Syracuse, New York, by a team of experienced medical practitioners focused on providing prompt service to patients and their referring physicians in a modern and pleasant atmosphere.

Over the years, CNY Diagnostic Imaging Associates, LLC developed a reputation for delivering patient-tailored, high-quality diagnostic imaging services. This dedication is supported by advanced diagnostic imaging technology and the skills and expertise of highly qualified and esteemed board-certified radiologists.

Dr. Jin Kim, CEO of Rezolut, stated, "CNY embodies the same values and vision as Rezolut with a focus on providing superior patient care partnered with innovative technology to achieve the best health outcomes for the patients they serve. The team at CNY has built a strong radiology business by providing exceptional quality and by earning the trust of patients and physicians. Additionally, the partnership with CNY's radiologists will provide additional support, quality assurance and allows us to continue building a powerful Rezolut footprint in the Northeast."

"For 40-plus years, CNY Diagnostic Imaging has been driven by the fundamental mission to provide the highest quality radiology services and to deliver a care model that is patient and referrer centric. CNY is excited to partner with Rezolut because they share these values. We look forward to serving our community together for many years to come," said Dr. Patrick Lynch, Medical Director of CNY Diagnostic Imaging Associates, LLC.

The acquisition increases Rezolut's number of outpatient imaging centers to 40 nationally, with 16 in the Northeast. The move demonstrates Rezolut's commitment to building an innovative, national, multi-modal platform that delivers high-quality patient service.

About Rezolut, LLC

Rezolut is a national platform of diagnostic medical imaging services. With a focus on four key platforms, its mission is to provide and facilitate top-notch patient care, partnered with innovative technology, to achieve better health outcomes. To learn more about Rezolut, visit www.rezolut.com.

SRM Announces Appointment of Ivan Osinsky as Vice President

November 1, 2022 – Atlanta, GA – Sunny River Management, LLC (“SRM”) is pleased to announce that Ivan Osinsky has joined the firm’s investment team as a Vice President in its Atlanta office.

Jeremiah Yu, SRM Managing Partner, said, “After an extensive search, we are thrilled to have Ivan join our team in Atlanta. We believe he fits well with SRM’s team and core values.”

John Cote, SRM Managing Partner stated, “We are excited to welcome Ivan to the SRM family and believe he will accelerate SRM’s growth trajectory in the near-term and future.”

Prior to joining SRM, Ivan was a Vice President at Chicago Pacific Founders, a private equity firm with a focus on healthcare. Ivan began his career as an investment banker in the Industrials & Services Group at BMO Capital Markets. He holds an MBA with Honors from the University of Chicago Booth School of Business and Bachelor of Science degrees with High Honors in Accountancy and Finance from the University of Illinois.

SRM Announces Appointment of Michael King as Associate

September 7, 2022 – Austin, TX – Sunny River Management, LLC (“SRM”) is pleased to announce that Michael King has joined the firm’s investment team as an Associate in its Austin office.

Jeremiah Yu, SRM Managing Partner, said, “It has been great getting to know Michael through the interview process and we’re excited to have him join the SRM team. We are confident that he will do an excellent job helping to steward SRM’s existing and future platform companies.”

John Cote, SRM Managing Partner stated, “We are excited to have Michael join the investment team. We believe that this addition will help us better support SRM and the significant growth opportunities at each of our portfolio companies.”

Prior to joining SRM, Michael was an Analyst with Lincoln International in their healthcare M&A group. During his time at Lincoln, Michael focused on executing sell-side and buy-side M&A transactions for private equity and private equity-backed businesses in the healthcare industry. He joined Lincoln International as an Analyst out of undergrad. Michael received his Bachelor of Science in Finance from the University of Denver.

SRM Announces Promotion of Beau Brace to Vice President and Appointment of Jimmy Carragher as Associate

July 12, 2022 – Austin, TX – Sunny River Management, LLC (“SRM”) is pleased to announce the promotion of Beau Brace to Vice President, effective July 1, 2022.

“This promotion reflects a milestone moment in Beau’s career. Beau has demonstrated valuable transaction and asset management experience,” explains Jeremiah Yu, SRM Managing Partner.

In addition to this recent promotion, SRM is also pleased to announce and welcome Jimmy Carragher as an Associate. Jimmy will be based in Austin, TX and will work actively with SRM’s existing investment team and portfolio company leadership to continue executing transactions and growth initiatives.

“We are also excited to have Jimmy join the investment team. We believe that this addition will help us better support SRM and the significant growth opportunities at each of our portfolio companies,” added Jeremiah Yu.

John Cote, SRM Managing Partner, commented, “We are thrilled to have Beau and Jimmy on the investment team in their new roles and we are confident that they will do an excellent job helping to steward SRM’s existing and future platform companies.”

About Beau Brace

Beau Brace joined SRM at the end of 2021 as a Senior Associate. He was previously a Senior Associate with SNH Capital Partners, a private investment firm based in Austin. Prior to joining SNH, Beau was an Associate with Sheridan Capital Partners, a mid-market healthcare private equity fund based in Chicago. Previously, Beau was an Analyst in the Global Healthcare Group of Lazard Frères & Co. in New York.

Beau received his MBA in Finance and Health Care Management from The Wharton School of the University of Pennsylvania, and Bachelor of Science with Honors in Industrial and Labor Relations from Cornell University. In his free time, Beau enjoys indoor cycling, alpine skiing, and spending time with his wife and dog.

About Jimmy Carragher

Jimmy Carragher joined SRM in 2022. He was previously an Associate with BofA Merrill Lynch in their debt advisory and liability management group. During his time at BofAML, Jimmy focused on structuring and executing various debt capital markets transactions for corporate debt issuers in multiple industries, spanning the full credit spectrum. He joined BofAML as an analyst out of undergrad.

Jimmy received his MBA in general management from Georgetown University’s McDonough School of Business, and a Bachelor of Arts in History from the University of Virginia. Outside of the office, Jimmy enjoys barbecuing on his PK Grill, skiing out west, and screaming at the TV during Buffalo Bills games.

About Sunny River Management, LLC

SRM is a private investment firm backed by patient, long-term capital. The firm employs an operational focus to build middle market leaders in select desirable industries. SRM typically partners with small businesses and invests in growth within those businesses to create platforms with national scale. To learn more about SRM, visit www.sunnyrivermanagement.com.

SRM Announces Appointment of Shamus Hurley as Chief Executive Officer of Fire Safety and Protection, LLC

July 7, 2022 – Atlanta, GA – Sunny River Management, LLC ("SRM"), is pleased to announce that Shamus Hurley just recently joined its ranks as Chief Executive Officer of its Fire Safety and Protection, LLC ("FSP") portfolio company.

His immediate mandate will include instilling a new operating cadence in our existing platform and optimizing FSP's business model to accelerate organic growth initiatives, all while simultaneously developing our workforce with new skills and capabilities. Shamus will also be leading FSP's efforts to leverage our existing geographic footprint in North America as we look to grow our acquisition pipeline.

John Cote, SRM Managing Partner stated, "SRM is delighted to have Shamus take the helm at FSP. His deep experience in the fire and life safety business, and his solid track record as a tenured CEO in transforming three previous organizations he's led, will serve us well as he creates a more service- and customer-oriented FSP."

"I'm delighted that our paths crossed," said Hurley, "and I am absolutely certain that FSP will be a tremendous value creator for all of its stakeholders. Its attractive industry dynamics, committed ownership and highly skilled workforce present multiple paths to success and I look forward to stewarding that journey."

Prior to joining FSP, Shamus was president and chief executive officer of two global, water and wastewater technology portfolio companies owned by Axel Johnson Inc., a family-owned investment company. Shamus also spent over 18 years in the fire and life safety industry as president of Bosch Security Systems, a leading technology manufacturer, and in various leadership roles with Honeywell International's Protection Services and Enterprise Service and Solutions businesses. Shamus has served on several boards and is a NACD Governance Fellow, and lead outside director for Soundwave Hearing, LLC, a health-tech startup.

About Sunny River Management, LLC

SRM is a private investment firm focused on building great mid-sized businesses in a few select highly desirable industries. SRM builds its platform businesses through partnering with small businesses and investing in growth within those businesses as part of a larger platform. www.sunnyrivermanagement.com

About Fire Safety & Protection, LLC

FSP is an emerging high-growth fire and life safety business committed to providing fire and life safety solutions to a diverse group of customers in the U.S and Canada, all with the highest level of customer service. www.fire-sp.com

Rezolut Partners with Centrelake to Expand Imaging Services in Southern California

June 28, 2022 – Los Angeles, CA – Rezolut, LLC, a high-growth medical imaging business, is pleased to announce it has entered into a partnership agreement with Centrelake, headquartered in Ontario, CA.

Centrelake Imaging is a full-service, all-digital radiology network in Southern California consisting of 10 imaging centers across 3 counties. The practice was founded in 2006 in Ontario, California by a team of experienced medical practitioners focused on delivering high-quality and affordable diagnostic imaging services.

Over the years, Centrelake Imaging developed a reputation for delivering exceptional patient care. This dedication is supported by the use of advanced technology coupled with the skills and expertise of highly qualified and esteemed radiology professionals.

Dr. Jin Kim, CEO of Rezolut, stated, "Centrelake is a great fit for Rezolut. The team at Centrelake has built a strong radiology business by providing exceptional quality and by earning the trust of patients and physicians. The acquisition allows us to continue building a powerful Rezolut footprint in Southern California."

Dr. Anand Lapsi, Medical Director for Centrelake said, "Since 2006, Centrelake has grown and become a great presence in our community. As a member of the Rezolut family, I am confident that Centrelake will emerge as an even bigger asset to our community with more resources, improved technology, and greater accessibility."

Amar Lapsi, JD, MBA, COO for Centrelake, asserts, "As a result of this new partnership, we look forward to gaining a more robust integrated suite of solutions to deliver high-quality patient care and enhanced value to our providers. We are thrilled to be partnering with a firm that is aligned with our core values and committed to building an innovative platform to expand more services to our patients."

The acquisition increases Rezolut's number of outpatient imaging centers to 36 nationally, with 17 in the greater Los Angeles area. The move demonstrates Rezolut's commitment to building an innovative, national, multi-modal platform that delivers high-quality service to patients.

About Rezolut, LLC

Rezolut is a national platform of diagnostic medical imaging services. With a focus on four key platforms, its mission is to provide and facilitate top-notch patient care, partnered with innovative technology, to achieve better health outcomes. To learn more about Rezolut, visit www.rezolut.com.

Komline-Sanderson Acquires the Wyssmont Company, Expands Specialty Drying Capabilities

June 1, 2022 – Peapack, NJ – Komline-Sanderson, a designer and manufacturer of equipment for product filtration, thermal processing, wastewater management, and other industrial applications, announced today the acquisition of the Wyssmont Company, a designer and manufacturer of thermal drying products for the chemical, pharmaceutical, mineral, and food industries. The investment closed on May 25, 2022.

The strategic acquisition will add Wyssmont’s flagship product, the TURBO-DRYER®, to Komline’s product line. The TURBO-DRYER® is used worldwide in virtually every industry that requires drying of wet materials, from organic chemicals to silver powder to food products. The technologically advanced system’s thermal process can continuously dry solvent wet materials while maintaining the integrity of the underlying particles and can recover the evaporated solvent without requiring a vacuum system.

“We are delighted to bring Wyssmont’s quality products, hardworking team members, and valued customers into the Komline family,” said Komline’s Chief Executive Officer, Danai Brooks. “The TURBO-DRYER® is a best-in-class system that will be a welcome addition to our product line for many customers. Based in Fort Lee, New Jersey, Wyssmont is ideally situated near Komline’s headquarters in Peapack, simplifying the integration of the company into Komline’s operations.”

The acquisition was Komline’s sixth since March of 2021 and is part of a multi-faceted expansion that has significantly extended the company’s product and service offerings, manufacturing capacity, and geographic reach. Previously, Komline acquired Illinois-based Barnes International, a manufacturer of coolant filtration equipment; Florida-based Harn R/O Systems, a producer of reverse osmosis, nanofiltration, and low-pressure membrane treatment systems; South Carolina-based Haselden Company, Inc., an engineering design and installation business of waste-reduction systems serving the food and beverage industry; Tennessee-based AquaShield, Inc., a provider of products for stormwater runoff, rainwater harvesting, and construction site discharges; and Ohio-based Fluid Quip, Inc., a manufacturer of capital equipment for the corn wet-milling and ethanol industries.

“We are so pleased to be joining the Komline team, given our longstanding relationship with the company and the many synergies in our businesses,” said Wyssmont President Joseph Bevacqua. “We know our customers will be well-served by Komline’s outstanding products, services, and team, and we are delighted to be part of a full-service company with facilities across the U.S. serving customers around the world.”

About Komline-Sanderson

Since its incorporation in 1946, Komline-Sanderson Corporation has provided the highest quality equipment for applications including process/production filtration, drying, thermal processing, wastewater treatment, sludge processing, and environmental control. The company, headquartered in Peapack, New Jersey, solves industrial processing, wastewater, and flue gas cleaning challenges for industrial and municipal customers around the world. Visit komline.com for more information.

About Wyssmont Company

Founded in 1932 and based in Fort Lee, New Jersey, Wyssmont designs, manufactures, and services its TURBO-DRYER® worldwide to the chemical, specialty chemical, pharmaceutical, mineral, food, and food additives industries. The company also manufactures continuous tray dryers, crossflows, feeders, lump-breakers, solvent recovery dryers, multi-stages, laboratories, and calciner. Visit wyssmont.com for more information.

Rezolut Opens New Imaging Center in Chino Hills in Partnership with Providence St. Joseph Health

January 27, 2022 – Los Angeles, CA – Rezolut, a high-growth medical imaging business, is pleased to announce the opening of its Chino Hills, CA facility in conjunction with Providence St. Joseph Health (“Providence”). This is the first of several centers planned and continues Rezolut’s successful partnership with Providence which began in August 2020, with their strategic investment in Shin Imaging. The other sites in this partnership include locations in Buena Park, Fullerton, and Los Angeles.

The new Chino Hills center officially opened on January 12, 2022, and is located at 15885 Pomona Rincon Road, Chino Hills, California. It offers state of the art imaging technology, including: 3T MRI, 3D mammography, CT, digital X-Ray, ultrasound, and bone density scans.

Dr. Jin Kim, CEO of Rezolut, stated, “We are very excited to open the Chino Hills site. It represents the extreme hard work and planning from the Rezolut, Providence, and Shin teams. We believe that the Chino Hills site demonstrates the best of the strategic partnership with Providence and will be a model for several other centers across Southern California, that will help Rezolut continue its mission of delivering the highest quality care with the best partners available.”

Charlie Maloney, Director of Fixed Site Operations, West Coast for Rezolut, commented, “I am pleased with a successful opening of the Chino Hills site. Many months of careful planning and execution went into the site. The site has the latest technology in imaging, and we believe this represents the highest level of care possible.”

"This partnership allows us to offer patients the convenience of advanced imaging options just a few feet from their doctor’s office," explains Laura Ramos, Chief Executive, Providence St. Jude Medical Center. “It’s an important addition to the one-stop convenience the Heritage Chino Hills Medical Offices are designed to create, bringing everything from adult and pediatric primary care to specialty care, wellness services, and urgent care together under one roof."

The Chino Hills site is Rezolut’s 7th location in Southern California and its 26th location across the United States. The new site furthers Rezolut's commitment to building an innovative, national, multi-modal platform that delivers high-quality service to patients.

About Rezolut, LLC

Rezolut is a national platform of diagnostic medical imaging services. With a focus on four key platforms, its mission is to provide and facilitate top-notch patient care, partnered with innovative technology, to achieve better health outcomes. To learn more about Rezolut, visit www.rezolut.com.

Rezolut Acquires Assets of Westwood Open MRI in Los Angeles

January 7, 2021 – Los Angeles, CA – Rezolut, a high-growth medical imaging business, has acquired substantially all of the assets of Westwood Open MRI (“Westwood”). Westwood is an outpatient medical imaging center serving patients in West Los Angeles. Clinical services for the center will continue to be provided by Rad Alliance Inc., a professional medical corporation. The acquisition of Westwood will expand Rezolut’s services in Southern California.

Westwood Open MRI was founded in 2007 and is located within Westwood Medical Plaza on Wilshire Boulevard. The center offers structural and functional MRI services. Rezolut plans to expand the center’s current modality offerings to provide a more comprehensive imaging suite to the surrounding community.

Dr. Jin Kim, CEO of Rezolut, stated, “We look forward to expanding our services to the west side of LA and joining the vibrant medical community surrounding UCLA and the Westwood area. We share with the Westwood and Rad Alliance teams an unwavering commitment to facilitating the best care and customer experience to patients.”

Strategically located, the Westwood facility is positioned near two of LA’s main thoroughfares, just off the 405 and near the 10 freeway. This central location offers convenient access to nearby communities including Santa Monica, Culver City, and Beverly Hills.

Westwood will be Rezolut’s sixth location in Southern California, and its 25th location across the United States. This acquisition furthers Rezolut’s commitment to building an innovative, national, multi-modal platform that delivers high-quality service to patients.

About Rezolut, LLC

Rezolut is a national platform of diagnostic medical imaging services. With a focus on four key platforms, its mission is to provide and facilitate top-notch patient care, partnered with innovative technology, to achieve better health outcomes. To learn more about Rezolut, visit www.rezolut.com.

About Westwood Open MRI

Westwood Open MRI was founded in 2007 and is located within Westwood Medical Plaza at 10921 Wilshire Blvd. Westwood offers structural and functional MRI imaging services.

Komline-Sanderson Acquires Fluid Quip, Inc., Expands Product Offerings in Food and Renewable Energy Markets

January 6, 2022 – Peapack, NJ – Komline-Sanderson, a designer and manufacturer of equipment for wastewater management, environmental control, and other industrial applications, announced today the acquisition of Fluid Quip, Inc., a manufacturer of capital equipment for the corn wet-milling and ethanol industries. The transaction closed on December 30, 2021.

Corn wet-milling, a process that uses water and specialized equipment to physically separate corn into proteins, starches, oil, and fiber, is a core market for Komline, and the acquisition of Fluid Quip substantially broadens its product offering in the space. Fluid Quip’s equipment is also used by Fluid Quip Technologies in the retrofitting of ethanol facilities to produce ultra-high-protein products used as animal feed. Fluid Quip Technologies is a separate company and not part of the transaction.

The acquisition was Komline’s fifth during 2021. Previously in the year, it acquired Illinois-based Barnes International, a manufacturer of coolant filtration equipment; Florida-based Harn R/O Systems, a producer of reverse osmosis, nanofiltration, and low-pressure membrane treatment systems; South Carolina-based Haselden Company, Inc., an engineering design and installation business of waste-reduction systems serving the food and beverage industry; and Tennessee-based AquaShield, Inc., a manufacturer of products for stormwater runoff, rainwater harvesting, and construction site discharges.

“Komline and Fluid Quip have partnered for nearly 20 years on a variety of projects and joint ventures for our customers in the corn wet-milling industry, making the business combination a very natural next chapter,” said Fluid Quip CEO Andy Franko. “Becoming part of Komline means we have even more products, engineering capabilities, and solutions to offer, while providing the same great service on which we built our reputation.”

Fluid Quip was founded in 1987 as a repair and field service company serving the pulp and paper and corn wet-milling industries. The company’s product expertise soon led it to begin innovating new features to improve equipment performance, and in 1991, it began to design and sell its own capital equipment and replacement parts. The company continues to maintain a full-service repair shop as part of its solution-oriented service to customers around the world.

“We are proud of the progress Komline made in 2021, as we significantly broadened our product offering, production capacity, and field service capabilities over the course of the year,” said Komline’s Chief Executive Officer, Danai Brooks. “With Fluid Quip, we now have nine manufacturing facilities in the United States and a new partnership with a talented team in Ohio. Because of the special relationship Komline and Fluid Quip have built over the years, I am particularly enthusiastic about the opportunities this acquisition will create.”

About Komline-Sanderson

Since its incorporation in 1946, Komline-Sanderson Corporation has provided the highest quality equipment for applications including process/production filtration, drying, thermal processing, wastewater treatment, sludge processing, and environmental control. The company, headquartered in Peapack, New Jersey, solves wastewater, industrial processing, and flue gas cleaning challenges for industrial and municipal customers around the world. Visit komline.com for more information.

About Fluid Quip, Inc.

Founded in 1987 and based in Springfield, Ohio, Fluid Quip engineers and manufactures separation equipment for corn wet-milling, pulp and paper applications, and dry-grind ethanol plants, including centrifuges, grind and impact mills, screens, cyclonettes, starch washing systems, germ separators, and more. Utilizing years of design experience, hands-on research, and customer feedback, Fluid Quip continues to develop new technologies and improve traditional equipment. Fluid Quip holds various equipment and process patents and is focused on optimizing plant performance by providing “Solutions That Work.” Visit fluidquip.com for more information.

SRM Announces Appointment of Chirag Shah as Vice President

January 3, 2022 – Austin, TX – Sunny River Management, LLC (“SRM”), is pleased to announce that Chirag Shah has joined the firm’s investment team as a Vice President in its Austin office.

His responsibilities will include evaluating new investments, executing add-on M&A, and supporting SRM portfolio company management teams with strategic initiatives.

Jeremiah Yu, SRM Managing Partner, said, “We are excited to have Chirag join the investment team here in Austin. Chirag brings a successful track record with many years of private equity and other related experience that will make him successful with SRM. Chirag’s hire continues SRM’s push to develop its Austin office with the addition of proven investment professionals.”

John Cote, SRM Managing Partner stated, “SRM is pleased to have Chirag join the team as Vice President. Chirag will help pursue new investments for SRM and help manage companies in our current portfolio. During the interview process, Chirag displayed clear alignment with SRM’s values and objectives. We welcome to Chirag to SRM!”

Prior to joining SRM, Chirag was a Vice President at The Wicks Group, a private equity fund based in New York. Prior to Wicks, Chirag was an Associate at The Sterling Group, a mid-market industrial private equity fund based in Houston. Chirag began his career as an investment banker in the Technology, Media & Telecom Group at Barclays in New York. Chirag holds an MBA from Columbia Business School and a Bachelor of Science in Industrial and Labor Relations from Cornell University.

Sunny River Management Partners with Palmetto Air & Water Balance

December 21, 2021 – Greenville, SC – Sunny River Management (“SRM”), a family-backed private investment firm, is pleased to announce its partnership with Palmetto Air & Water Balance (“Palmetto”). Palmetto is a leading provider of HVAC testing, adjusting, and balancing services to commercial clients across the Southeastern United States.

Founded by Penny Hinton in 1989 and headquartered in Greenville, SC with ten offices throughout the Carolinas and Mid-Atlantic, Palmetto serves a diverse customer base of building owners, property managers, and contractors. The company’s clients consist of hospital and healthcare facilities, education systems, governmental institutions, commercial buildings, and other customers with complex mechanical systems where proper balancing is mission critical. Via its partnership with SRM, Palmetto will maintain its high level of customer service and focus on customer needs while adding resources to grow with both new and existing accounts.

“We are delighted to welcome Palmetto to the SRM family,” said John Cote, Managing Partner at SRM. “Penny and Rodney have built a true industry leader in the test, adjust, and balance space over the past 32 years. Proper ventilation in commercial buildings is more top-of-mind than ever, and Palmetto is well-positioned to capitalize on this increased focus on safe and efficient indoor environments.”

In conjunction with the partnership, Rodney Hinton will become CEO, Penny Hinton will remain in her current role as President, and Alan Tew will remain in his current role as Regional Director. Penny Hinton said of choosing a partner, “Early this year, we began a search for a partner that would embrace our core values of integrity, respect, professionalism, teamwork, and excellence that could also provide a complementary skillset focused on continued growth and opportunities. We believe we found that partner in SRM. SRM brings a wealth of experience in growing companies both internally and through acquisition, and we couldn’t be more excited to partner with them to grow Palmetto to even greater heights.”

SRM plans to accelerate growth at Palmetto by actively seeking other best-in-class industry participants to acquire while also continuing the company’s long history of successful greenfield expansion in high-growth markets.

“The growth opportunities at Palmetto are significant and compelling,” said Jack Partain, Vice President at SRM. “We are excited to pair strong industry tailwinds with strategic M&A and de novo expansion to create the best test, adjust, and balance platform in the country. We could not imagine better leaders to partner with on this mission than Rodney, Penny, Alan, and the amazing team at Palmetto.”

Business Acquisition & Merger Associates acted as financial advisor to Palmetto and Merline & Meacham served as legal counsel. SRM was represented by Nelson Mullins Riley & Scarborough. Financing was provided by Deerpath Capital Management.

About Sunny River Management, LLC

SRM is a private investment firm focused on building great mid-sized businesses in a few select highly desirable industries. SRM builds its platform businesses through partnering with small businesses and investing in growth within those businesses as part of a larger platform. To learn more about SRM, visit www.sunnyrivermanagement.com.

SRM Announces Appointment of Beau Brace as Senior Associate

October 17, 2021 – Austin, TX – Sunny River Management, LLC (“SRM”), is pleased to announce that Beau Brace has joined the firm’s investment team as a Senior Associate in its Austin office.

His responsibilities will include evaluating new investments, executing add-on M&A, and supporting SRM portfolio company management teams with strategic initiatives.

Jeremiah Yu, SRM Managing Partner, said, “After SRM conducted an extensive and exhaustive search, we are pleased to have Beau join the investment team here in Austin. His background and experience are well aligned with SRM’s values and objectives, and we are confident Beau will be a positive force for all SRM companies.”

John Cote, SRM Managing Partner stated, “SRM is excited to have Beau join the investment team in the role of Senior Associate. Beau brings a wide range of experiences and skills that will be helpful as we pursue new investments and expand our current platforms.”

Prior to joining SRM, Mr. Brace was a Senior Associate with SNH Capital Partners, a private investment firm based in Austin. Prior to joining SNH, Beau was an Associate with Sheridan Capital Partners, a mid-market healthcare private equity fund based in Chicago. Previously, Beau was an Analyst in the Global Healthcare Group of Lazard Frères & Co. in New York.

Beau received his MBA in Finance and Health Care Management from The Wharton School of the University of Pennsylvania, and Bachelor of Science with Honors in Industrial and Labor Relations from Cornell University. In his free time, Beau enjoys indoor cycling, alpine skiing, and spending time with his wife and dog.

Komline-Sanderson Acquires AquaShield to Offer Stormwater Products

October 12, 2021 – Peapack, NJ – Komline-Sanderson, a designer and manufacturer of equipment for wastewater management, environmental control, and other industrial applications, announced today the acquisition of AquaShield, Inc., a manufacturer of products for stormwater runoff, rainwater harvesting, and construction site discharges. The acquisition is Komline’s fourth this year, as the company continues to significantly expand its product and service offerings, manufacturing capacity, and geographic reach.

Founded in 1946 and headquartered in Peapack, New Jersey, Komline manufactures and services liquid and gas filtration and pollution control solutions for a diverse group of customers around the world. Komline recently acquired Illinois-based Barnes International, a manufacturer of coolant filtration equipment, Florida-based Harn R/O Systems, a producer of reverse osmosis, nanofiltration, and low-pressure membrane treatment systems, and South Carolina-based Haselden Company, Inc., an engineering design and installation business of waste-reduction systems serving the food and beverage industry.

“As with our other acquisitions this year, bringing AquaShield into our business means that we have even more capabilities and services to offer our corporate and municipal customers,” said Komline’s Chief Executive Officer, Danai Brooks. “AquaShield’s products protect our waterways from pollutants often transported by stormwater. We believe offering stormwater solutions will allow us to create high-quality usable water for our communities in new, innovative ways.”

AquaShield, founded in 1999 in Chattanooga, Tennessee, designs and manufactures integrated product solutions to meet the growing need for filtration and pollutant removal from stormwater runoff. The company’s products meet or exceed water quality standards in virtually all states and municipalities, including the New Jersey Department of Environmental Protection’s Certification Program and Washington State Department of Ecology’s Technology Assessment Program (TAPE).

“The advantages that we are able to offer our customers – custom applications, proven performance and functionality, and exceptional service, among others – are what set us apart in the stormwater community,” said AquaShield founder Kelly Williamson. "We are pleased to know that as part of Komline we can continue to expand delivery of our innovative stormwater solutions."

About Komline-Sanderson

Since its incorporation in 1946, Komline-Sanderson Corporation has provided the highest quality equipment for applications including process/production filtration, drying, thermal processing, wastewater treatment, sludge processing, and environmental control. The company, headquartered in Peapack, New Jersey, solves wastewater, industrial processing, and flue gas cleaning challenges for industrial and municipal customers around the world. Visit komline.com for more information.

About AquaShield, Inc.

Founded in 1999 and based in Chattanooga, Tennessee, AquaShield, Inc. manufactures products such as hydrodynamic separators, stormwater filtration systems, catch basin inserts, and biofiltration solutions to meet the challenges associated with post-construction stormwater runoff, rainwater harvesting, and construction site discharges. Visit aquashieldinc.com for more information.

Fire Safety & Protection Acquires Total Fire Protection, Inc.

October 7, 2021 – Birmingham, AL – Fire Safety & Protection, LLC (“FSP”), a portfolio company of Sunny River Management, LLC (“SRM”), is pleased to announce the acquisition of Total Fire Protection, Inc. (“Total”) as of Sept. 20, 2021. Based in Alabama and licensed throughout the Southeast, Total is a full-service fire protection company.

Total’s service offerings include design, fabrication, installation, inspections, testing and maintenance services for new and existing fire protection sprinkler systems. Their team of experienced installers and N.I.C.E.T. certified engineering technicians specializes in manufacturing, warehouse/distribution, industrial, commercial, and residential projects.

“We are excited for Total Fire Protection to join the FSP family of companies. With its long track record of delivering quality service, Total is a great addition to building out our Southeast regional presence. We look forward to working with both Don and Tommy in continuing to offer the same excellent service to its clients,” stated Curt Bagnall, CEO of FSP.

Donald Black, co-owner of Total Fire Protection, remarked, “We are really excited to join FSP. Their single-mindedness in delivering on their core values is aligned with how we strive to serve our customers. After getting to know the FSP leadership through the acquisition process we could not have found a better partner to be a trustee of our companies’ legacy.”

“By joining forces with FSP, we look forward to continuing to serve our customers and provide our employees with greater growth opportunities," added Tommy Black, co-owner of Total.

Total Fire Protection, Inc. is FSP’s 8th acquisition since its inception. This transaction continues FSP’s strategy of building a high-growth fire and life safety business offering a comprehensive set of services across a breadth of customers and geographies.

About Total Fire Protection, Inc.

Total Fire Protection, Inc. is a full-service fire protection contractor specializing in Manufacturing, Warehouse / Distribution, Industrial, Commercial, and Residential projects. Based in Alabama and licensed throughout the Southeast, they offer: Design, Fabrication, Installation, Inspections, Testing and Maintenance services for new and existing fire protection sprinkler systems. To learn more about Total, visit www.totalfire.net.

About Fire Safety & Protection, LLC

FSP is an emerging high-growth fire and life safety business committed to providing fire and life safety solutions to a diverse group of customers in the U.S and Canada, all with the highest level of customer service. To learn more about FSP, visit www.fire-sp.com.