Rezolut Partners with MD Imaging to Expand Services in the Hudson Valley of New York

October 6, 2021 - Poughkeepsie, N.Y. – Rezolut, a high-growth medical imaging business focused on innovation and portfolio company of Sunny River Management (“SRM”), has entered into a partnership with MD Imaging as of Oct. 4, 2021. MD Imaging is a medical imaging & radiology practice serving patients in Dutchess County, NY and surrounding areas. Rezolut’s partnership with MD Imaging will expand its services in the Hudson Valley of New York.

MD Imaging was founded in 2004 in Poughkeepsie, NY and later expanded to open a second location in Wappingers Falls in 2015. Their team is committed to providing patients with imaging excellence through their skilled staff and investment in cutting edge equipment.

CEO of Rezolut, Dr. Jin Kim, stated, “Our partnership with MD Imaging highlights our continued long-term commitment to delivering the highest level of patient care in the Hudson Valley area of New York. We are pleased to serve with local MD Imaging teams based in Poughkeepsie and Wappingers Falls, and hope to be a great steward of our patient’s health as we look to serve them.”

“I could not be more pleased to be partnering with Rezolut. In selecting future partners, I looked for a partner with the highest integrity and best level of care. Rezolut demonstrates a set of values that I could not find replicated in the marketplace. I could not be more excited to partner with Dr. Kim and the entire Rezolut team,” remarked, Dr. Gary Grossman, Medical Director of MD Imaging.

This partnership furthers Rezolut’s commitment to building an innovative, national, multi-modal platform by delivering high-quality service to patients.

About Rezolut, LLC

Rezolut is a national emerging platform of diagnostic medical imaging services. With focus on four key platforms, its mission is to provide topnotch patient care partnered with innovative technology — to achieve better health outcomes. To learn more about Rezolut, visit www.rezolut.com.

About MD Imaging

MD Imaging is a medical imaging & radiology practice in Dutchess County, NY with centers in both Poughkeepsie and Wappingers Falls. MD Imaging offers a wide variety of imaging services and provides superior care through advanced technology. To learn more about MD Imaging, visit www.mdimagingny.com.

SRM Announces Appointment of Fausto Lucero as Principal

September 20, 2021 – Austin, TX – Sunny River Management, LLC ("SRM") is pleased to announce that Fausto Lucero has joined the firm’s investment team as a Principal. Mr. Lucero will have responsibilities that span the entire investment lifecycle of SRM’s portfolio companies and will also play a role in supporting SRM’s deal sourcing and execution, financing and strategic business development initiatives. He brings extensive leadership experience advising clients in investment banking transactions including M&A and capital raising, acquisition financing, leveraged and structured finance.

Jeremiah Yu, Managing Partner, said, "Fausto is a strategic and extremely capable leader that we have known for many years. He is a highly valuable addition to the firm's senior leadership team and will be an integral member of the Austin investment team. Both John and I have worked extensively with Fausto previously, and we enthusiastically welcome him to the SRM team."

John Cote, Managing Partner, added, "We are thrilled to welcome Fausto to the SRM team. Having known Fausto for many years, we know firsthand that he exhibits and lives the SRM values and will play a key role in growing SRM with all of us. Fausto brings an extensive background and perspectives that will greatly benefit SRM and SRM platforms."

Mr. Lucero said, "I am very excited to have the opportunity to join SRM and contribute to the firm’s expansion plans. With a disciplined investment approach and relentless focus on operational excellence, John and Jeremiah and the entire SRM team and their platforms have built an already successful portfolio with tremendous growth and value-creation potential."

Prior to joining SRM, Mr. Lucero spent 17 years in leadership positions in corporate and investment banking in New York City with a focus on senior client coverage and transaction execution in mergers & acquisitions, acquisition financing and leveraged and structure finance representing $49 billion in deal experience. As a Managing Director with MUFG, he was Head of Latin America Corporate Finance and Head of Power & Utilities client coverage. Prior to that, Fausto was a Vice President at Credit Suisse where he advised clients in mergers and acquisitions and equity capital raising transactions in Latin America. Mr. Lucero worked as an associate at JP Morgan’s North America Natural Resources Investment Banking group and began his career at ABN AMRO with roles in project finance, M&A and principal infrastructure investments. He holds an MBA from the University of Chicago Booth School of Business and a B.A. in Finance from Universidad San Francisco de Quito.

Komline-Sanderson Acquires Haselden

April 13, 2021 — Peapack, NJ — Komline-Sanderson, a designer and manufacturer of equipment for wastewater management, environmental control, and other industrial applications, announced today the acquisition of Haselden Company, Inc., an engineering design and installation business of waste-reduction systems serving the food and beverage industry. The acquisition is Komline’s third in recent weeks, as the company significantly expands its product and service offerings, manufacturing capacity, and geographic reach.

Founded in 1946 and headquartered in Peapack, New Jersey, Komline manufactures and services liquid and gas filtration and pollution control solutions for a diverse group of customers around the world, including industrial processing plants in end markets such as chemical manufacturing, food processing, and pharmaceuticals. Komline recently acquired Illinois-based Barnes International, a manufacturer of coolant filtration equipment, and Florida-based Harn R/O Systems, a producer of reverse osmosis, nanofiltration, and low-pressure membrane treatment systems.

“We are pleased to complete another important step in this multi-faceted expansion of our business,” said Komline’s Chief Executive Officer, Danai Brooks. “Haselden has unparalleled expertise in design, fabrication, and installation of sanitation and waste-reduction equipment for beverage manufacturing plants. It also has a well-earned reputation for on-time, accurate, and cost-efficient project delivery, and we are proud to continue that legacy with both long-time and new customers.”

Haselden, founded in 1972 in Charleston, South Carolina, offers turnkey solutions to help its customers navigate the ever-changing safety regulations and certification requirements in the food and beverage manufacturing industry. The company designs, manufactures, and distributes a full line of processing equipment, including fittings, valves, strainers, and product recovery systems, and it emphasizes reliable and consistent operation.

“We make it our business to know our customers’ plants, processes, and personnel,” said Keith Haselden. “That means we can complete projects with minimal interruption and maximum efficiency – and that’s why so many of our customers have been with us for decades. As part of Komline, we will be able to provide that same top-tier service to many more customers while offering our existing customers even more products and services.”

About Komline-Sanderson

Since its incorporation in 1946, Komline-Sanderson Corporation has provided the highest quality equipment for applications including process/production filtration, drying, thermal processing, wastewater treatment, sludge processing, and environmental control. The company, headquartered in Peapack, New Jersey, solves wastewater, industrial processing, and flue gas cleaning challenges for industrial and municipal customers around the world. Visit komline.com for more information.

About Haselden Company, Inc.

Founded in 1972 and based in Charleston, South Carolina, Haselden Company, Inc. provides a single-source solution to meet the specific needs of food & beverage industry processing plants. Haselden custom-designs, manufactures, and installs filtration and waste-reduction systems, with a focus on on-time, in-budget project completion. Visit haseldenco.com for more information.

Komline-Sanderson Acquires Harn R/O Systems

April 1, 2021 — PEAPACK, NJ — Komline-Sanderson, a designer and manufacturer of equipment for wastewater management, environmental control, and other industrial applications, announced today the acquisition of Harn R/O Systems, Inc. The acquisition will expand Komline’s product offerings by adding reverse osmosis, nanofiltration, and low-pressure membrane treatment systems that are designed to meet specific customer needs.

“At Komline, our focus is on providing the highest-quality products and service to our customers,” said Danai Brooks, Komline’s Chief Executive Officer. “Adding Harn’s unique membrane treatment capabilities to our existing range of filtration and environmental control solutions gives our customers more options and an even higher level of expertise in water treatment services. Harn will continue providing its exemplary systems and service from its Florida headquarters under its current leadership.”

Founded in 1946 and headquartered in Peapack, New Jersey, Komline manufactures and services liquid and gas filtration and pollution control solutions for a diverse group of customers around the world, including municipal wastewater treatment facilities, waste-to-energy utilities, and industrial processing plants. Its acquisition of Harn is one of several the company has planned to expand its product and service offerings, manufacturing capacity, and geographic reach. Komline recently acquired Illinois-based Barnes International, a manufacturer of coolant filtration equipment.

Harn, based in Venice, Florida, has been serving customers in the water treatment industry since its founding by Jim Harn in 1972. Its experienced process design team includes professional engineers licensed in civil, chemical, environmental, and mechanical engineering, and Harn manufactures its custom-tailored membrane filtration systems in-house to ensure high-quality production and timely delivery.

“We work with customers across the U.S. to create solutions that address their specific needs and maximize both operational and cost efficiencies,” said Harn’s Vice President, Julie Nemeth-Harn. “Our team of design engineers, CAD operators, and technicians are highly experienced in solving the most complex operational, mechanical, and logistical issues our customers face, and we are pleased to be joining forces with Komline to offer those services to even more customers. In turn, Komline’s broad capabilities will expand the technologies and support we can offer our existing customers.”

About Komline-Sanderson

Since its incorporation in 1946, Komline-Sanderson Corporation has provided the highest quality equipment for applications including process/production filtration, drying, thermal processing, wastewater treatment, sludge processing, and environmental control. The company, headquartered in Peapack, New Jersey, solves wastewater, industrial processing, and flue gas cleaning challenges for industrial and municipal customers around the world. Visit komline.com for more information.

About Harn R/O Systems, Inc.

Founded in 1972 and based in Venice, Florida, Harn R/O Systems provides reverse osmosis and nanofiltration membrane systems for industrial and municipal water treatment applications. Known for its exceptional service standards and on-time, accurate deliveries, Harn is regularly recognized by industry peers and customers for outstanding performance, including with the Global Water Awards Water Project of the Year Award in 2019. Visit harnrosystems.com for more information.

Komline-Sanderson Acquires Barnes International, Inc.

March 24, 2021 – PEAPACK, NJ – Komline-Sanderson, a designer and manufacturer of equipment for wastewater management, environmental control, and other industrial applications, announced today the acquisition of Barnes International, Inc., an Illinois-based manufacturer of coolant filtration equipment. The acquisition is expected to be the first of several that will significantly expand Komline’s product and service offerings, manufacturing capacity, and geographic reach.

Founded in 1946 and headquartered in Peapack, New Jersey, Komline provides and maintains tailored filtration and pollution control solutions for a diverse group of customers around the world, including municipal wastewater treatment facilities, waste-to-energy utilities, and industrial processing plants in end markets such as chemical manufacturing, food processing, and pharmaceuticals. Now, with the acquisition of Barnes International, Komline will expand its filtration offerings to include those used by automotive, aerospace, and industrial products manufacturers. With these additional capabilities, Komline increases its ability to tackle its customers’ most difficult challenges in fluid and gas filtration.

“The acquisition of Barnes International is a momentous step in what will be a multi-faceted expansion of our business,” said Danai Brooks, Komline’s Chief Executive Officer. “With this acquisition, we are more than doubling our production capacity with facilities in Ohio and Illinois, creating a broader and more flexible manufacturing footprint. Barnes has been providing critical products to its customers for more than 100 years, and we intend to proudly continue that tradition of service and success as we join forces to offer even more benefits to our combined customer base.”

Barnes International, founded in 1907, began as a drill and tapping company serving the automotive industry with a variety of equipment, and it introduced its first filtration products in the 1950s. In addition to major U.S. automotive companies, Barnes serves customers in the aerospace, agriculture, and general machine tool industries.

“At Barnes, we have a proud history of providing the highest quality of products and services to our customers, and the Barnes management team will stay in place to carry on that mission,” said Bill Kirchner, President of Barnes International. “Komline takes the same approach to meeting and exceeding customers’ needs, and we know it to be a first-class operation that will honor and continue our company’s heritage, culture, and values.”

About Komline-Sanderson

Since its incorporation in 1946, Komline-Sanderson Corporation has provided the highest quality equipment for applications including process/production filtration, drying, thermal processing, wastewater treatment, sludge processing, and pollution control. The company, headquartered in Peapack, New Jersey, solves wastewater, industrial processing, and flue gas cleaning challenges for industrial and municipal customers around the world. Visit komline.com for more information.

About Barnes International, Inc.

Founded in 1907 and based in Rockford, Illinois, Barnes International manufactures an extensive line of quality coolant filtration solutions, including pressure and vacuum filtration systems, for a variety of industrial applications. The company was named a General Motors’ “Supplier of the Year” recipient in 2017 and received a Honda Motor Company Sustainability Award in 2020 for its Henry Filters division. Visit barnesintl.com for more information.

Sunny River Management Invests in Komline-Sanderson

March 17, 2021 – PEAPACK, NJ – Sunny River Management (“SRM”) has announced its investment in Komline-Sanderson (“Komline”), a designer and manufacturer of industrial water filtration and pollution control systems.

Founded in 1946 and headquartered in Peapack, New Jersey, Komline provides and maintains tailored filtration and pollution control solutions for a diverse group of customers around the world, including municipal wastewater treatment facilities, electric power utilities, and industrial processing plants in end markets such as chemical manufacturing, food processing, and pharmaceuticals.

Komline has achieved impressive growth during its current CEO’s tenure, expanding at four times the industry average and doubling its EBITDA margins. The company is now poised to serve as a well-capitalized platform for acquisitions. Simultaneously with SRM’s investment, Komline acquired Barnes International, Inc. (“Barnes”), an Illinois-based manufacturer of coolant filtration products, and it has four other add-ons currently under letter of intent and more than 30 identified additional potential targets.

Together with a co-investment partner, Satori Capital, SRM completed the investment on March 17, 2021. To learn more about Komline-Sanderson, visit komline.com.

Industrial Inspection & Analysis Acquires St. Louis Testing Laboratories, Inc.

December 8, 2020 – ST. LOUIS, MO – Industrial Inspection & Analysis, Inc.™ (“IIA”) – a leader in providing inspection, testing, and analytical services – has acquired St. Louis Testing Laboratories, Inc. (“SLTL”).

Founded in 1929 and based in St. Louis, MO, SLTL is a leading commercial testing laboratory that performs testing and inspection services for industrial clients via nondestructive testing, mechanical testing, chemical analysis, metallurgical analysis, and environmental analysis.

“SLTL will expand IIA’s capabilities into destructive testing through the company’s capabilities in mechanical, chemical, and metallurgical testing while providing deep expertise in lab- and field-based NDT capabilities as well” explains Chris Niebuhr, CEO of IIA. “The acquisition will also plant an IIA flag in the center of the country, an important geography for IIA as we continue to grow our nationwide presence. We look forward to welcoming SLTL’s talented employees to IIA,” added Niebuhr.

“SLTL is excited to add to IIA’s diverse service offerings while bringing our company’s culture of excellence to an already well-respected organization” states Rob Sinn, owner of SLTL. He added, “Joining the IIA platform will allow SLTL to serve a broader base of customers while still providing the great customer service that made us a leader in the region for nearly a century.”

SLTL is IIA’s 17th acquisition since its inception. This transaction continues IIA’s strategy of building a nationwide inspection and testing company that offers a strong value proposition to a long list of industrial customers in a wide variety of end markets.

Nolan & Associates acted as financial advisor to SLTL and Husch Blackwell served as legal counsel. IIA was represented by Nelson Mullins Riley & Scarborough.

About Industrial Inspection & Analysis.

IIA is a high-growth inspection, testing, and analytical business committed to providing story-worthy service even through the most challenging situations. To learn more about the IIA family of companies, visit industrial-ia.com.

Fire Safety & Protection Acquires All-Star Fire, LLC

December 1, 2020 – NORCROSS, GA – Fire Safety & Protection, LLC (“FSP”), a portfolio company of Sunny River Management, LLC (“SRM”), is pleased to announce the acquisition of All-Star Fire, LLC (“All-Star”), a local tenured leader in the fire & life safety industry and known throughout the greater Atlanta market for its high level of customer service, reliability and technical expertise. Based in Atlanta, GA, FSP is an emerging high-growth fire & life safety business that is building a strong presence in the Eastern United States and Canada.

All-Star marks FSP’s second acquisition in 2020 and seventh acquisition since 2018. All-Star’s customers should expect the same unwavering commitment to customer service they have come to expect over the years. All-Star’s President, Kevin Biando, will remain with the business and will continue to manage operations locally. “We are excited about our new partnership with FSP and Sunny River,” Biando said. “Our new partners bring the resources required to accelerate our growth trajectory in Atlanta, Georgia, and across the Southeast. I look forward to joining forces with FSP as we build out a more concentrated Southeastern footprint.”

“All-Star Fire is an outstanding addition to the FSP team. The organization’s commitment to its customers and employees has driven their success over the last decade. All-Star provides Fire Safety and Protection with a premier Atlanta-based organization as we continue to expand our North American presence,” explains Curt Bagnall, CEO of FSP. “We look forward to working closely with Kevin and his team to continue their success in the future. Our shared focus will be on customers, employees and investing in our capabilities to enable continued growth and industry-leading service.”

About All-Star Fire, LLC

Serving Metro Atlanta and surrounding areas, All-Star Fire is a full-service fire alarm, fire sprinkler and fire extinguisher company that specializes in inspection, testing, service and installation of these critical life safety systems. To learn more about All-Star, visit www.all-starfire.com.

About Fire Safety & Protection, LLC

FSP is an emerging high-growth fire and life safety business committed to providing fire and life safety solutions to a diverse group of customers in the U.S and Canada, all with the highest level of customer service. To learn more about FSP, visit www.fire-sp.com.

About Sunny River Management, LLC

SRM is a private family investment firm focused on building great mid-sized businesses in a few select highly desirable industries. SRM builds its platform businesses through partnering with small businesses and investing in growth within those businesses as part of a larger platform. SRM takes a long-term view with its acquisitions and investments. SRM’s current platforms include: Industrial Inspection & Analysis, Fire Safety & Protection, and Rezolut Medical Imaging. To learn more about SRM, visit www.sunnyrivermanagement.com.

Industrial Inspection & Analysis Acquires Assets of Fail Safe Testing, LLC

September 1, 2020 – MANALAPAN, NJ – Industrial Inspection & Analysis, Inc.TM (“IIA”) – a leader in providing inspection, testing, and analytical services – has expanded its service offerings with the acquisition of substantially all of the assets of Fail Safe Testing, LLC (“Fail Safe”). Based in Manalapan, NJ, Fail Safe is a national leader in fire hose, pump and ladder testing to the United States fire service industry.

Established in 1988, Fail Safe is the predominant provider of hydrostatic fire hose pressure testing, ground ladder testing, fire pump testing, aerial ladder testing, and nozzle and appliance testing for independent fire houses, municipal fire departments, fire districts, and corporate fire departments in the United States.

“The acquisition of Fail Safe expands IIA’s capabilities within our Lifting Services division and increases our presence in fire departments and related entities across the country” explains Chris Niebuhr, CEO of IIA. “We are excited to welcome Fail Safe’s talented employees to IIA and look forward to supporting the needs of our existing and new fire department customers with a broader scope of fire equipment testing services.”

“We are thrilled to partner with IIA because of our shared commitments to customer service and the safety of the communities we serve” states Kousha Bautista-Saeyan, President of Fail Safe. He added, "IIA is a company that will accelerate Fail Safe’s growth while maintaining the principles that have guided it since 1988."

Fail Safe is IIA’s 16th acquisition since its inception. This transaction continues IIA’s strategy of building a nationwide inspection and testing company that offers a strong value proposition to a long list of customers in a wide variety of end markets.

About Industrial Inspection & Analysis.

IIA is a high-growth inspection, testing, and analytical business committed to providing story-worthy service even through the most challenging situations. To learn more about the IIA family of companies, visit industrial-ia.com.

Rezolut Has Entered Into a Partnership with Shin Imaging, LLC, Shin MRI, Inc., and St. Jude Medical Center, of Providence St. Joseph Health

August 24, 2020 – LOS ANGELES, CA – Rezolut, a high-growth medical imaging business and portfolio company of Sunny River Management (“SRM”), has entered into a partnership with Shin Imaging, LLC, Shin MRI, Inc. (collectively “Shin Imaging”), and St. Jude Medical Center (“SJMC”), of Providence St. Joseph Health. Shin Imaging is a multi-modality medical imaging provider serving the Greater Los Angeles Metropolitan area.

Together, Rezolut, Shin Imaging, and SJMC will provide best-in-class imaging services to patients via three existing Shin Imaging fixed site locations and development of new centers.

Shin Imaging provides a full range of diagnostic imaging services to meet the needs of all patients and referring physicians and utilizes cutting-edge technology to provide the best imaging possible. In addition to providing the latest diagnostic imaging technology, Shin Imaging has always focused on the compassionate personal side of diagnostic care as much as the technical side. Shin Imaging has conducted over 100,000 MRI scans since inception.

“The partnership with Shin Imaging and SJMC expands Rezolut’s existing presence in the Los Angeles area and strengthens our already deep bench of talent,” states Dr. Jin Kim, CEO of Rezolut. “We are excited to work with the Shin Imaging team and we look forward to providing greater value to existing patients while attracting new ones.”

“We are excited to be partnering with a firm that prioritizes the quality of patient care in the same way we do at Shin Imaging,” said Cindy Shin, CEO of Shin Imaging. “We believe this partnership will allow us to enhance our existing patient experience while allowing us to reach more patients across California.”

This partnership continues Rezolut’s strategy of building a nationwide medical imaging company that is committed to innovative and high-quality service to its patients.

About Rezolut Medical Imaging, LLC

Rezolut is a high growth medical imaging business, committed to building an innovative, national multi-modal platform by delivering high quality service to our patients. To learn more about Rezolut, visit www.rezolut.com.

About Sunny River Management, LLC

SRM is a private investment firm focused on building great mid-sized businesses in a few select highly desirable industries. SRM builds its platform businesses through partnering with small businesses and investing in growth within those businesses as part of a larger platform. SRM’s current platforms include: Industrial Inspection & Analysis, Fire Safety & Protection, and Rezolut Medical Imaging. To learn more about SRM, visit www.sunnyrivermanagement.com.

Industrial Inspection & Analysis Acquires IHI Southwest Technologies, Inc. from IHI Corporation

May 4, 2020 – SAN ANTONIO, TX – Industrial Inspection & Analysis, Inc.™ (“IIA”) – a leader in providing inspection, testing, and analytical services – expands its service offerings with the acquisition of IHI Southwest Technologies, Inc. (“ISwT”) from IHI Corporation, a publicly traded Japanese industrial firm. Based in San Antonio, TX, ISwT is a non-destructive testing and engineering services company with a 21-year history of providing inspection and engineering services to the nuclear industry both domestically and internationally. In conjunction with the transaction, ISwT will rebrand to IIA Nuclear Services.

Founded in 1999, ISwT has positioned itself as a technological leader in advanced non-destructive testing methods throughout the world.  In addition to conventional testing methods, the company has a broad array of proprietary technology with significant commercial potential.  A full-time staff of non-destructive testing examiners and engineers enables ISwT to maintain the level of quality vital to the success of nuclear utilities around the world.

“The acquisition of ISwT expands Industrial Inspection & Analysis’s reach into the nuclear power generation space and strengthens our already deep bench of talent,” states Chris Niebuhr, CEO of IIA. “We are excited to welcome the ISwT team and customers to IIA and we look forward to providing greater value to existing customers while attracting new ones.”

ISwT is IIA’s 15th acquisition since its inception. This transaction continues IIA’s strategy of building a nationwide inspection and testing company that holds a competitive advantage and offers a strong value proposition to a long list of customers in a wide variety of end markets.

ISwT was represented by Lawrence (Larry) Schumann of Statesman Corporate Finance and George Kurisky, Jr. and Scott Franck of Johnson DeLuca Kurisky & Gould.  IIA was represented by Roger Mitchell and Thomas Ryan of Nelson Mullins Riley & Scarborough.

Fire Safety and Protection, LLC Announces New Website Launch

March 20, 2020 – ATLANTA, GA – Fire Safety and Protection (“FSP”), a portfolio company of Sunny River Management (“SRM”), is proud to announce the launch of its newly redesigned website at fire-sp.com. The new site features a modern design, enhanced content, and improved functionality to help visitors easily browse company information and provide a more engaging user experience.

The new comprehensive website brings together Fire Safety and Protection’s family of companies into one site. FSP is made up of industry veterans and all of its partner companies have been in existence for decades. FSP companies include Noti-SECUR, Inc., Professional Fire & Security, Inc., L. Pugh & Associates, Inc., Allard Fire Protection, Inc., Georgian Bay Fire & Safety, Ltd., and Livingston Fire Protection, Inc.

"We are excited to debut the new company website to all visitors looking to understand the breadth of FSP services," said Curt Bagnall, FSP's CEO. "This new website will provide a better user experience for those looking for a full-service life safety and security partner.”

Additional changes include an upgraded WordPress back end for a faster site response as well as a completely new mobile version. FSP’s website will be updated regularly with news of acquisitions, services, events, and more. Visitors are encouraged to explore the website.

About Fire Safety and Protection, LLC

Fire Safety and Protection, LLC is an emerging high-growth fire and life safety business committed to providing fire and life safety solutions to a diverse group of customers in the U.S and Canada, all with the highest level of customer service.

To learn more about FSP, visit fire-sp.com.

Fire Safety & Protection Acquires Livingston Fire Protection, Inc.

January 31, 2020 – HYATTSVILLE, MD – Fire Safety & Protection, LLC (“FSP”), a portfolio company of Sunny River Management, LLC (“SRM”), is pleased to announce the acquisition of Livingston Fire Protection, Inc. (“Livingston”), a local tenured leader in the fire & life safety industry and known throughout the greater Washington D.C. market for its high level of customer service, reliability and technical expertise. Based in Atlanta, GA, FSP is an emerging high-growth fire & life safety business that is building a strong presence in the Eastern United States and Canada.

Livingston marks FSP’s first acquisition in 2020 and sixth acquisition since 2018. Livingston’s customers should expect the same unwavering commitment to customer service they have come to expect over the years. Livingston’s President, Rich Kozel, will remain with the business and will continue to manage operations locally. FSP and the Livingston’s management team share the same views on customer service and look forward to the continued growth of the business.

“Livingston Fire Protection is an outstanding addition to the FSP team.  The organization’s commitment to its customers and employees has driven their success for over 50 years.  Livingston provides Fire Safety and Protection with a strong foothold in the Maryland, Virginia and Washington DC markets as we continue to expand our North American presence,” explains Curt Bagnall, CEO of FSP.  “We look forward to working closely with the leadership team at Livingston to continue their success in the future.  Our shared focus will be on customers, employees and investing in our capabilities to enable continued growth and industry-leading service.”

About Livingston Fire Protection, Inc.

Founded in 1964, Livingston Fire Protection, Inc. provides the design, fabrication, installation, inspection, maintenance and service of automatic fire protection sprinkler and fire alarm systems.

To learn more about Livingston, visit www.livfire.com.

About Fire Safety & Protection, LLC

FSP is an emerging high-growth fire and life safety business committed to providing fire and life safety solutions to a diverse group of customers in the U.S and Canada, all with the highest level of customer service.

To learn more about FSP, visit www.fire-sp.com.

About Sunny River Management, LLC

SRM is a private family investment firm focused on building great mid-sized businesses in a few select highly desirable industries. SRM builds its platform businesses through partnering with small businesses and investing in growth within those businesses as part of a larger platform. SRM takes a long-term view with its acquisitions and investments. SRM’s current platforms include: Industrial Inspection & Analysis, Fire Safety & Protection, and Rezolut Medical Imaging.

To learn more about SRM, visit www.sunnyrivermanagement.com.

Sunny River Management, LLC Promotes Will Carter and Jack Partain to Vice President

January 31, 2020 – ATLANTA, GA – Sunny River Management, LLC (“SRM”) is pleased to announce the promotions of Will Carter and Jack Partain to Vice President, effective February 1, 2020. As senior members of the SRM team, both Will and Jack have led several investments and have helped drive growth for SRM and its portfolio companies. In their roles as Vice President, both Will and Jack will assume board responsibilities, oversee new investment opportunities, lead transactions for existing platforms, and manage the team of Associates joining SRM.

“These promotions reflect a milestone moment in Will and Jack’s careers. Both Will and Jack have demonstrated valuable transaction and asset management experience” explains Jeremiah Yu, SRM Managing Partner.

In addition to recent promotions, SRM is also pleased to announce three new hires on the investment team.  Joining the SRM team as a Senior Associate is Jon Moravec and joining as Associates are Jake Rubenstein and Jason Girson. Jon will be based in Austin, TX, while both Jake and Jason will be based in Atlanta, GA. Jon, Jake, and Jason will work actively with SRM’s existing investment team and portfolio company leadership to continue executing transactions and growth initiatives.

“We are also excited to have the new investment team members join. We strongly believe these additions will help us better support SRM and the significant growth opportunities at each of our portfolio companies” added Jeremiah Yu.

About Will Carter

Will Carter joined SRM in 2019. He supports all SRM platforms with a focus on Fire Safety and Protection, LLC. Will brings over five years of M&A and private investing experience. Prior to joining SRM, he served as a Senior Associate at Torque Capital Group and also served as an Investment Banking Analyst at Sagent Advisors where he advised clients on M&A transactions, primarily in the aerospace & defense, retail and industrial sectors. Will began his career as an Investment Banking Analyst at Genesis Capital, advising on M&A transactions in the healthcare and media sectors. Will holds an MS in Commerce from the University of Virginia and BS in Economics from Hampden-Sydney College.

About Jack Partain

Jack Partain joined SRM in 2019. He supports all Sunny River platforms. Prior to joining SRM, Jack was an Associate at Ridgemont Equity Partners and focused on the industrial and healthcare sectors. He began his career as an Investment Banking Analyst at McColl Partners (acquired by Deloitte Corporate Finance) in Charlotte, NC. At McColl, Jack focused primarily on sellside advisory for consumer products firms. Jack holds an MBA from the Kellogg School of Management at Northwestern University and a BS in Business Administration from the University of North Carolina at Chapel Hill.

About Sunny River Management, LLC

SRM is a private investment firm backed by patient, long-term capital. The firm employs an operational focus to build middle market leaders in select desirable industries. SRM typically partners with small businesses and invests in growth within those businesses to create platforms with national scale. SRM’s current platforms include: Industrial Inspection & Analysis, Fire Safety & Protection, and Rezolut.

To learn more about SRM, visit www.sunnyrivermanagement.com.

Rezolut Medical Imaging, LLC Acquires Open MRI & Allentown Diagnostic Imaging

January 10, 2020 – ALLENTOWN, PA – Rezolut Medical Imaging, LLC (“RMI”), a high-growth medical imaging business and portfolio company of Sunny River Management (“SRM”), has acquired Open MRI & Allentown Diagnostic Imaging dba Open MRI of Allentown (“Open MRI”). Open MRI is a multi-modality medical imaging center proudly serving the Greater Lehigh Valley. This is RMI’s first completed acquisition for 2020.

Since the company’s founding in 1998, Open MRI has grown to offer Ultrasound, X-ray, and CT imaging. After expanding its facility in 2016, Open MRI upgraded to an ultra-low dose system that offers 60-70% less radiation than other systems, recognizing the need for exceptional patient care in an outpatient setting.

Open MRI’s highest priority is its patients. Patients, payors, and physicians should expect the same unwavering commitment to customer service they have come to expect over the years. Joe Galazio, CEO of Open MRI, will remain with the business as Center Director to oversee continued growth under the new ownership.

Open MRI is RMI’s 17th fixed imaging center which expands our geographic coverage in the Northeast. This transaction continues Rezolut’s mission of delivering an innovative approach to the highest quality of patient care.

About Rezolut Medical Imaging, LLC

RMI is a high-growth medical imaging business, seeking to build a national, multi-modal platform by delivering high quality service to patients. To learn more about RMI, visit www.rezolut.com.

About Sunny River Management, LLC

SRM is a private family investment firm focused on building great mid-sized businesses in a few select highly desirable industries. SRM builds its platform businesses through partnering with small businesses and investing in growth within those businesses as part of a larger platform. SRM takes a long-term view with its acquisitions and investments. SRM’s current platforms include: Industrial Inspection & Analysis, Fire Safety & Protection, and Rezolut Medical Imaging. To learn more about SRM, visit www.sunnyrivermanagement.com.

Industrial Inspection & Analysis Acquires 5 Star Testing, Inc.

November 5, 2019 - PORTLAND, OR - Industrial Inspection & Analysis, Inc.™ (“IIA”) – a leader in providing inspection, testing and analytical services – expands its service offerings with the acquisition of 5 Star Testing, Inc. (“5 Star”). Based in Brush Prairie, WA, 5 Star is a non-destructive testing and inspection company with nearly 30 years of experience in providing facilities-based inspection services to many of the nation’s largest plants, mills and manufacturing facilities.

Founded in 1990, 5 Star has been providing superior service to clients for decades, using standard and advanced non-destructive testing methods. 5 Star is committed to combining the highest caliber of services, with a focus on quality, safety and superior value.

“The acquisition of 5 Star broadens IIA’s capabilities in plant-based inspection services and increases our presence in the power generation space and other desirable end markets,” explains Chris Niebuhr, CEO of IIA. “We are excited to welcome 5 Star’s founders and the company’s deep bench of talented technicians to IIA and look forward to building upon 5 Star’s stellar market position.”

“IIA was our acquirer of choice because of the shared values and culture between our two firms,” states Mitchell Calvi, President of 5 Star. Brian Cleys, Vice President of 5 Star added, "IIA is a company that values customer service, quality and its employees. We are excited to join the IIA team and look forward to 5 Star’s exciting future."

5 Star is IIA’s 14th acquisition since its inception. This transaction continues IIA’s strategy of building a nationwide inspection and testing company that holds a competitive advantage and offers a strong value proposition to a long list of customers in a wide variety of end markets.

About Industrial Inspection & Analysis. 

IIA is a high-growth inspection, testing and analytical business committed to providing story-worthy service even through the most challenging situations. To learn more about the IIA family of companies, visit industrial-ia.com.

Rezolut Medical Imaging, LLC Acquires Alinea Medical Imaging

October 15, 2019 – LOS ANGELES, CA – Rezolut Medical Imaging, LLC (“RMI”), a portfolio company of Sunny River Management (“SRM”) is pleased to announce the acquisition of Alinea Medical Imaging (“Alinea”). Alinea is California’s leading breast imaging provider with two state-of-the-art imaging centers in Southern California and 17 mobile mammography vehicles.

Alinea’s patients, payors, and physicians should expect the same unwavering commitment to customer service they have come to expect over the years. Dr. Laxpati, CEO and Medical Director of Alinea, will remain with the business to oversee continued growth under the new ownership. RMI and Alinea management teams share the same view concerning customer service and patient care.

A Message from Monish Laxpati, MD

“We are excited to join the Rezolut team and believe that this partnership will foster the continued growth and success of Alinea as a leading provider in mobile imaging in women’s health. The mission of Rezolut and Alinea are already closely aligned with the goal of utilizing technology and innovation to improve health and deliver quality care.”

About Rezolut Medical Imaging, LLC

RMI is a high-growth medical imaging business, seeking to build a national, multi-modal platform by delivering high quality service to patients. To learn more about RMI, visit www.rezolut.com.

About Sunny River Management, LLC

SRM is a private family investment firm focused on building great mid-sized businesses in a few select highly desirable industries. SRM builds its platform businesses through partnering with small businesses and investing in growth within those businesses as part of a larger platform. SRM takes a long-term view with its acquisitions and investments. SRM’s current platforms include: Industrial Inspection & Analysis, Fire Safety & Protection, and Rezolut Medical Imaging. To learn more about SRM, visit www.sunnyrivermanagement.com.

Fire Safety & Protection Acquires Georgian Bay Fire & Safety, Ltd.

August 20, 2019 - OWEN SOUND, ONTARIO - Fire Safety & Protection, LLC (“FSP”), a portfolio company of Sunny River Management, LLC (“SRM”), is pleased to announce the acquisition of Georgian Bay Fire & Safety, Ltd. (“Georgian Bay”), one of Ontario’s largest life safety and property protection companies. Georgian Bay is known throughout the region for its high level of customer service and technical expertise.

The acquisition of Georgian Bay is an exciting addition to the Fire Safety & Protection platform. Fire Safety & Protection, based in Atlanta, Georgia, is an emerging high-growth fire and life safety business that is building a strong presence in the U.S and Canada. FSP seeks to grow through partnering with like-minded small businesses across the U.S and Canada. Georgian Bay is FSP’s fifth acquisition in the last 12 months. FSP was founded by Sunny River Management, LLC (SRM), a private family investment firm based in Atlanta, Georgia. SRM focuses on taking a long-term view in building great mid-sized businesses in highly desirable industries, with a focus on industries that impact safety and human well-being.

Georgian Bay customers, suppliers and employees should expect the same unwavering commitment to customer service, quality and integrity they have come to expect from Georgian Bay over the past half-century. Jeff Taylor and Tim McKay will both remain with Georgian Bay to oversee continued growth under new ownership. The FSP and Georgian Bay management teams share the same views regarding customer service and look forward to continuing and growing customer relationships throughout Ontario and beyond.

“The acquisition of Georgian Bay is an exciting addition to FSP, given Georgian Bay’s long-established presence throughout Ontario, reputation for customer service, and seasoned leadership that brings a wealth of technical expertise. Georgian Bay is poised to continue growing and further expands FSP’s presence in Ontario”, explains Curt Bagnall, CEO of FSP. “Our focus will continue to be on the customer, employee training, and investing in our capabilities, with a shared goal of continued growth and industry-leading service.”

About Georgian Bay Fire & Safety, Ltd.

Established in 1969 by Nels and Nancy Mckay, Georgian Bay Fire & Safety Ltd. is one of Ontario’s largest life safety and property protection companies. With more than 60 fully stocked service vehicles dispatched from offices across the province, Georgian Bay meets customers’ needs effectively and efficiently. From fire extinguishers to the design, installation and maintenance of integrated fire alarm and security systems Georgian Bay has the in-house resources and capabilities to tackle any sized project and deliver it on time and on budget. 

To learn more about Georgian Bay, visit http://www.gbfire.com.

About Fire Safety & Protection, LLC

FSP is an emerging high-growth fire and life safety business committed to providing fire and life safety solutions to a diverse group of customers in the U.S and Canada, all with the highest level of customer service.

To learn more about FSP, visit http://www.fire-sp.com.

About Sunny River Management, LLC

SRM is a private family investment firm focused on building great mid-sized businesses in a few select highly desirable industries. SRM builds its platform businesses through partnering with small businesses and investing in growth within those businesses as part of a larger platform. SRM takes a long-term view with its acquisitions and investments. SRM’s current platforms include: Industrial Inspection & Analysis, Fire Safety & Protection, and United Medical Imaging.

To learn more about SRM, visit http://www.sunnyrivermanagement.com.

Rezolut Medical Imaging, LLC Acquires Imaging Center of Clovis

August 1, 2019 – LOS ANGELES, CA – Rezolut Medical Imaging, LLC (“RMI”), a portfolio company of Sunny River Management (“SRM”) is pleased to announce the acquisition of Imaging Center of Clovis (“Clovis”). Clovis is a multi-modality medical imaging center located in New Mexico. The acquisition of Clovis is an exciting addition to Rezolut Medical Imaging, expanding the company’s regional presence in the Southwest.

About Rezolut Medical Imaging, LLC

RMI is a high-growth medical imaging business, seeking to build a national, multi-modal platform by delivering high quality service to patients. To learn more about RMI, visit www.rezolut.com.

About Sunny River Management, LLC

SRM is a private family investment firm focused on building great mid-sized businesses in a few select highly desirable industries. SRM builds its platform businesses through partnering with small businesses and investing in growth within those businesses as part of a larger platform. SRM takes a long-term view with its acquisitions and investments. SRM’s current platforms include: Industrial Inspection & Analysis, Fire Safety & Protection, and Rezolut Medical Imaging. To learn more about SRM, visit www.sunnyrivermanagement.com.

Industrial Inspection & Analysis Acquires Advanced Technical Services NW, Inc.

June 12, 2019 – KENT, WA – Industrial Inspection & Analysis, Inc.™ (“IIA”) – a leader in providing inspection, testing, and engineering services – expands its service offerings with the recent acquisition of Advanced Technical Services NW, Inc. (“ATS”). Based in Kent, WA, ATS is the largest full-service, independent provider of calibration services in the Pacific Northwest.

Founded in 1986, ATS is a leader in providing calibration services of the highest quality. With a focus on customer service and a proven track record of helping companies achieve the increasing demands for quality and service, the addition of ATS is a great complement to IIA’s Laboratory Services group, which includes NDT Laboratories, QC Group, Timco Engineering, and IBB Technology of America. 

“ATS's unique mix of field and laboratory calibration services for customers in the Pacific Northwest region are a welcome addition to IIA's ever-growing portfolio of capabilities” explains John Cote, Chairman of IIA. “The market we serve has an essential need for ongoing monitoring of their equipment and machinery to ensure proper functionality when building various parts and components. We are excited to boost our ever-expanding list of in-house capabilities with the addition of ATS's calibration services. We look forward to continuing the success Cathy Baldwin and Phil Lausier have achieved to this point as we work to expand our suite of solutions to our customers.”

“We are excited to announce this transaction and see great value for ATS partnering with IIA moving forward," states Cathy Baldwin, President of ATS." Phil Lausier and I are very proud of what our team has accomplished to date, and we are grateful to our dedicated staff who have represented our company well through high quality service. We expect ATS and its employees will achieve great success with IIA in the years to come."

This transaction continues IIA’s strategy of building a network of inspection and testing brands that hold a competitive advantage and offer a strong value proposition to a long list of customers in a wide variety of end markets. 

About Industrial Inspection & Analysis. 

IIA is a high-growth inspection, testing, and analytical business committed to providing Story-Worthy Service and Solutions even through the most challenging situations to customers nationwide and beyond. To learn more about all of the IIA brands, visit industrial-ia.com.