Dallas, Texas, March 1, 2015 - Rosewood Private Investments ("Rosewood") is proud to announce the recent acquisition of substantially all the assets of ExtraTech Corporation ("ExtraTech"). ExtraTech is Rosewood’s second investment in its Manufacturing Technologies initiative. Rosewood expects to build upon the success and organic growth of ExtraTech by leveraging the expertise of its operating partner, David Morse.
Derry Burns, a Director at RPI, stated, "Investing in ExtraTech and partnering with its management team is an exciting next step in our Manufacturing Technologies initiative. The cutting edge innovations taking place at ExtraTech will allow Rosewood to participate in a rapidly changing manufacturing environment.”
Based in Post Falls, ID, ExtraTech develops provides state-of-the-art programmable motion controllers and interface hardware to leading manufacturers of industrial machine tools and pick-and-place machines. James Fillmore, President and thought-leader at ExtraTech, stated “Partnering with Rosewood and their operating partner, David Morse, is very exciting for us. With their experience in our space and their eagerness to work with our team, I feel like the future is very bright for ExtraTech.”
Rosewood Private Investments is the private equity arm of The Rosewood Corporation, a family- backed yet institutional firm with diverse worldwide operations and investments. Rosewood is wholly owned by the Caroline Hunt Trust Estate, which was established in 1935 by H.L. Hunt and built upon over generations by developing and acquiring businesses that are leaders in their respective industries. Our structure and history enable us to be a unique resource and flexible investment partner. As an evergreen entity, Rosewood is continually seeking to invest capital in companies that share our commitment to entrepreneurism, integrity, and sound business principles.
We have partnered with industry veteran, David Morse, to pursue acquisitions in the manufacturing technologies space. Our thesis is primarily driven by the recent resurgence in domestic manufacturing enabled by highly efficient tools, technology, and equipment. These manufacturing technologies have helped domestic manufacturers to significantly reduce labor costs, increase quality, and drive overall efficiencies which allows them to be competitive in the global economy. David Morse’s 15+ years of experience as an executive growing and managing one of the most innovative manufacturing technology companies in the world has positioned him as a thought leader in this space. From computerized cutting equipment to high precision measurement devices, we are actively seeking to acquire and foster the continued growth of companies with differentiating technology and products capable of changing the way we look at manufacturing as a whole.