Radial Equity partners with Clark-Reliance Corporation
Radial Equity Partners announced its new partnership with Clark-Reliance Corporation, a designer and manufacturer of instrumentation and filtration products.
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Terms of the agreement were not disclosed.
Formed in 1963 through the merger of Clark Manufacturing and Reliance Gage & Column, Clark-Reliance manufactures liquid level instrumentation and controls, sight flow indicators, filtration equipment and related consumables. The company’s products are sold under eight longstanding brands with a reputation for safety, premium quality and high reliability in demanding environments. Clark-Reliance serves more than 2,400 customers across a range of industrial end markets.
“Clark-Reliance has a rich legacy of technical leadership and innovation as well as a reputation for manufacturing excellence,” said Rick Solon, CEO of Clark-Reliance. “Our partnership with Radial will give us access to greater resources and capabilities to continue our expansion, both organically and through acquisitions.”
“Clark-Reliance is a highly respected and established provider of critical measurement, controls and filtration solutions,” said Devraj Roy, partner of Radial, a private equity firm focused on investing in middle-market businesses serving consumer and industrial markets. “We are thrilled to partner with the company and look forward to building upon its strong foundation to support the next phase of growth.”
Scott Dysert, former CEO of Chromalox and senior advisor at Radial, will serve as non-executive chairman of ClarkReliance.
INDUSTRIAL SUPPLY MAGAZINE
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