HEH Holdings LLC, a boutique investment bank, has acquired Reco USA. Boxwood Partners advised Reco on the sale.
Reco manufactures engineered, built-to-order products including pressure vessels, silos, reactors and specialty fabrications; as well as standard products including configure-to-order heath exchangers, clean steam generators, domestic water heating systems and domestic water storage and supply systems. The firm operates through a 125,000 square foot manufacturing facility.
“We believe that RECO has found a great partner in HEH Holdings and are looking forward to its continued success under its new owner,” said former co-owner, Mike Schleinkofer. “We have no doubt that Bill Newbauer and his team at HEH Holdings LLC will remain committed to providing the highest quality products and service to the company’s customers, a commitment that began over a 100 years ago when it was formally known as Richmond Engineering Company.”
Greg Bishop and Forbes Thompson of Williams Mullen served as legal counsel for RECO.