RMS is an aftermarket turbomachinery services company, providing repair and remanufacturing of heavy rotating equipment used in a variety of industrial end-markets, including oil & gas refining, steel, chemicals and natural gas transmission.
How We Partnered
Transaction Dynamics
A recapitalization of the company in partnership with the founders. The founders and management reinvested proceeds in the transaction.
Investment Thesis
- Strong, experienced management team
- Attractive margin and free cash flow profile
- Employee base with deep technical expertise and ability to service all types and models of OEM equipment
- Opportunities arising from shifting competitive landscape
- Significant growth opportunities with new and existing customers
- Repeating customer relationships due to repair cycle on equipment
Incline Value Enhancement
- Built out management team
- Enhanced capabilities to expand service offerings
- Supported transformational acquisitions
- Grew geographic presence globally
