Dallas, Texas and Center, Texas, November 30, 2006 – Rosewood Private Investments announced the close of its acquisition of the assets of Port-A-Cool® and KUUL® Pad businesses from General Shelters of Texas, S.B., Ltd. The company’s new name will be Port-A-Cool, LLC.
“We are very excited and very pleased to be joining The Rosewood Corporation’s portfolio of companies,” said Rick Campbell, president and CEO of General Shelters. “Given The Rosewood Corporations’ long-term investment philosophy, their purchase of General Shelters is an excellent signal to the industry of their confidence in our business. We are confident that Port-A-Cool® L.L.C. will fit nicely into Rosewood’s portfolio of companies.”
Rosewood Private Investments is the private equity arm of The Rosewood Corporation, a prominent family-owned company with diverse worldwide operations and investments. Rosewood has a long history of investing in profitable, growing middle-market companies that are the best in their respective industries – companies that take care of their customers and make the best products.
Founded in 1993, Port-A-Cool, LLC is a leading designer, manufacturer, and seller of portable evaporative cooling units and evaporative cooling media.