• Closed on new platform acquisition Unicon, Inc.
• Expanded sensors platform Rochester Gauges with add-on acquisition of FPI Sensors
• Added Clark Holt as Associate
• We moved to the 12th floor, find us in suite 1230 now!

Portfolio Updates

Renovo Capital Acquires Unicon
JUNE 2019

Renovo Capital, LLC is pleased to announce it has acquired a controlling interest in Unicon, Inc. (Unicon). This investment marks a new platform for Renovo in its industrial services vertical and further leverages the firm’s capabilities in food processing and industrial technology.

Founded in 1998, North Carolina-based Unicon is the leading provider of field services and logistics to poultry processing complexes across the Southeast, mid-Atlantic, and Midwest. Renovo’s investment will allow Unicon to expand its deployment of automation across its entire existing customer footprint while also enabling continued expansion into new customers and geographies. As a new platform investment, Unicon further solidifies Renovo’s focus in the food (protein processing) and industrial technology verticals.

New Add-On for Rochester Gauges

JUNE 2019
Rochester Gauges, LLC is pleased to announce the acquisition of FPI Sensors, which further expands Rochester’s market share in the liquid level sensor space.

Since the acquisition by Renovo, Rochester continues to build on its legacy of providing quality product and industry-leading customer service in addition to growing through development of leading-edge technologies and additional acquisitions in the liquid level measurement space.

FPI Sensors is a manufacturer of float level switches and liquid level sensors primarily utilizing reed switch technology. Founded in 1997, Eagan, Minneapolis-based FPI serves customers utilizing many different end use applications including oil and water separators, wastewater treatment, fuel tanks, marine application, chemical processing and heavy construction equipment. Learn more at fpisensors.com and rochestergauges.com.

Team Developments

Clark Holt
ASSOCIATE

Renovo is pleased to announce that it has expanded its investment team with the addition of Clark Holt, our newest Associate.

Prior to joining Renovo Capital, Clark was an Investment Banking Analyst at Stephens Inc. While at Stephens, Clark worked on a variety of M&A transactions across multiple industry verticals and assisted in the evaluation of investments for Stephens Capital Partners.

Clark graduated summa cum laude from Southern Methodist University with a BBA in Finance and a BS in Economics, where he was a member of the EnCap Investments and LCM Group Alternative Asset Management Program.

About Renovo

Renovo Capital is a Dallas, TX-based private equity investment firm that invests in lower middle market specialty manufacturing and business services companies. Since its founding in 2009, Renovo has expanded from three founding members to 15 operating and investing professionals, raised over $400 million in committed capital and completed over 20 transactions. The firm targets investments in complex situations, seeking to build strategically valuable business platforms. For more information please visit renovocapital.com.

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