June 12, 2018 (Dallas, Texas) – Renovo Capital, LLC is pleased to announce the acquisition of Rochester Gauges, LLC (Rochester) from Gas Equipment Company, Inc. The acquisition also launches a new platform investment in the sensor and measurement space in partnership with industry executive and operating partner Frank Guidone. Frank previously led Measurement Specialties, Inc (NASDAQ: MEAS), selling the business to TE Connectivity (NYSE: TEL) in late 2014.

Founded in 1913, Dallas, Texas-based Rochester is a manufacturer of gauges and sensors that measure liquid levels. Renovo’s investment will allow Rochester to continue its long history of manufacturing quality gauges and sensors as well as provide the resources and expertise to accelerate development of leading-edge products that will better serve its customer base.

Frank Guidone, Operating Partner at Renovo Capital commented, “We are excited to continue the legacy that the LaDue family has successfully built over many decades of ownership. Our priority will continue to be operating at a high level of quality and customer service as well as grow the business in current and new markets. We believe that Rochester serves as an optimal foundation for growth, both organically and through acquisition, in order to create a broad-based liquid level measurement business.”

About Rochester Gauges

Rochester Gauges, LLC (rochestergauges.com) is a manufacturer of gauges and sensors that measure liquid levels of various fuels, including propane, gasoline and diesel for various applications, such as residential and commercial propane tanks, forklifts, RV’s, lawn and garden equipment, tractors and personal aircraft. Rochester has manufacturing facilities in Dallas, Texas; Mexico City, Mexico; Brussels, Belgium with a sales office in Shanghai, China.

About Renovo

Renovo Capital, LLC (www.renovocapital.com) is a special situations private equity fund, currently investing out of Renovo Capital Fund II, LP, a $132 million committed capital fund. Renovo is focused on partnering with business owners, entrepreneurs and management teams to invest in businesses undergoing varying degrees of operational, financial or market-driven change. Renovo’s principals and extensive network of operating professionals have decades of experience delivering unique capital solutions and operational and strategic leadership to help solve complex situations and drive long term business value creation. Renovo Capital has offices in Dallas and Denver.

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