Dallas, Texas and Dyersburg, Tennessee (October 29, 2009)
Rosewood Private Investments and Renovo Capital are proud to announce their acquisition of the assets of Heckethorn Manufacturing Company, LLC, a division of BHM Technologies, Inc. Established in 1939, Heckethorn (www.hecomfg.com) is a leading Tier II supplier of light vehicle exhaust hangers and other exhaust hardware components, specializing in tube and solid-rod forming, cold-heading, robotic and MIG welding, and progressive stamping for exhaust assemblies.
Rosewood Private Investments (www.rosewoodpi.com) 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.
Renovo Capital, LLC (www.renovocapital.com) is a private equity group who through its Renwood Opportunities Fund, makes control equity investments in troubled and underperforming companies, and invests in other special situation opportunities. Renovo's investment size ranges from $2 million to $15 million with a primary focus on operating turnarounds, backruptcy reorganizations, debt purchases and out-of-court restructurings for companies in the manufacturing, distribution and service industries.