By a News Reporter-Staff News Editor at Investment Weekly News -- Resilience Capital Partners, a Cleveland-based private equity firm focused on investing in and improving lower mid-market companies in a broad range of industries, has announced an investment in Hynes Industries, Inc. and Hynes Kokomo, LLC which will operate as a newly-formed platform company that will continue under the name of Hynes Industries ("Hynes"). Members of the Bresnahan family will retain a minority ownership stake in the business. Hynes is headquartered in Youngstown, Ohio and is a leading North American manufacturer of rolled formed shapes, strip steel and flat wire. Hynes is a trusted partner to a diversified base of premier customers operating within the truck trailer, building and construction products, home and long-term care products and a variety of other markets. Hynes is Resilience Capital Partners' ninth platform investment for The Resilience Fund III, L.P.
"On behalf of the entire Resilience organization, we couldn't be more pleased with the opportunity to partner with the Bresnahan family and build upon their 50 years of family ownership. This Resilience investment will ensure this company, based in Ohio, the heart of the industrial Midwest, will continue to be an industry leader and provide support to its customers as they expand and grow both nationally and internationally," said Steven Rosen, Co-CEO of Resilience Capital Partners.
Ki Mixon, a Partner at Resilience Capital Partners, added that "Hynes has developed a very strong reputation in the marketplace that is driven by their on-time delivery and quality record. They have an impressive track record and a great foundation from which we can launch our newest platform investment. We are excited and committed to rolling up our sleeves and working hard alongside the talented staff at Hynes right here in Ohio."
William J. Bresnahan, board member, commented that "Our commitment to working alongside our new partners to take Hynes to the next level of excellence is strong. We welcome the Resilience team to the Hynes family and look forward to this new chapter in the company's long history."
Keywords for this news article include: Investment Companies, Finance and Investment, Investment and Finance, Resilience Capital Partners.
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