Resolute Industrial LLC, backed by One Equity Partners, has acquired cooling equipment supplier Tioga HVAC Rentals from Mangrove Equity Partners and Hunter Equity Capital. One Equity is one of the firms that we identified in our recent list of 10 young and thriving PE firms.
Headquartered in Detroit, Tioga provdes portable commercial heating, ventilation and cooling equipment. The target was founded in 1977 and distributes around 14,500 temperature control rental products mainly to contractors and other commercial customers. Resolute is based in Wheeling, Illinois and rents industrial cooling systems. The company was spun off from Johnson Controls in 2015.