Resolute Industrial Holdings LLC, an independent provider of specialty HVAC&R and power equipment rental solutions, compressor remanufacturing, and refrigerant storage services, has acquired All American Portable Air, which will operate under Resolute’s rental division, mobile air and power rentals.
All American Portable Air provides temporary cooling equipment rentals in the Orlando, FL and Nashville, TN markets.
“This acquisition broadens our existing geographic presence into the Nashville market, allowing us to maximize our sales channel reach and drive additional growth,” said Mike McGraw, CEO of Resolute. “We welcome the All American Portable Air team to the mobile air and power rentals family.”
“As a past president of the American Rental Association, North-South Carolina, I value partnerships between rental companies. By joining Resolute we will have more access to financial and operational resources to support our customers,” said Roscoe Nesmith, founder and president of All American Portable AIr. “We are excited for this next step and look forward to working with the new team.”
Resolute is a portfolio company of AE Industrial Partners LP, a private equity firm specializing in aerospace, defense and government services, space, power generation, and specialty industrial markets. Lewis Brisbois Bisgaard & Smith LLP served as the legal advisor to Resolute.