Capital Resource Partners, a private investment firm with headquarters in Boston, has completed the purchase of Aurora Equipment Co., dba “Equipto,” a leading manufacturer of engineered storage systems and work area products. Equipto, established in 1907, is headquartered in Addison, Texas, with manufacturing facilities in Tatamy, Pennsylvania. Capital Resource Partners is also the principal shareholder of Adapto Inc., a manufacturer of steel shelving, computer cabinets and “Clubstor” golf bag storage systems. Adapto’s headquarters and manufacturing facilities are located in Hialeah, Florida. “We are optimistic about the opportunities in the storage systems industry and are excited to be associated with these strong, longstanding brands that provide an excellent platform from which we can develop a solid leadership position in the industry,” said Robert Ammerman, managing partner of CRP.
Newly appointed CEO for Equipto Inc., Richard Riemer said, “I am eager to assume the leadership role as we team with our new owners to differentiate and strengthen the Equipto and Adapto brands in their respective markets”. According to Joe Carignan, president of Adapto, "The combined knowledge base of our companies, with more than 150 years of success, coupled with the incredible new breadth of line and strategically located distribution points, offers the market a true leader in storage and workspace solutions.”
For more information, visit www.equipto.com.