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C.W. Downer & Co. Advises RTS Holdings, Inc. on Sale to Fuji

BOSTON, October 20, 2015 – C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that RTS Holdings, Inc., a leading provider of turbine Maintenance Repair and Overhaul (MRO) services, has been sold to Fuji Electric Corp. of America, a US subsidiary of Fuji Electric Co., Ltd. of Japan. The deal closed on August 31, 2015 and the transaction value was not disclosed.

Headquartered in Sullivan, Missouri, RTS is provider of turnkey turbine repair and maintenance for a variety of industries. The growing Open-Clean-Inspect-Close division provides a full spectrum of turbine & generator outage services. The Repair Services group specializes in on-site or facility-based refurbishment of OEM rotating and stationary components. The Generator Services group was introduced in 2013 to service a growing number of mature generator fleets. The company also manufacturers turbine replacement components including airfoils/blades/buckets, bolting, shafts, threaded inserts and valve parts.

Phil Charatz, President and CEO of Fuji Electric Corp. of America, said in a company statement, “With many power plants aging in recent years, the need for inspection, repair, and maintenance services is increasing. This acquisition will serve to expand Fuji Electric’s power generation business in the Americas and strengthen our ability to capture new orders for power production equipment as existing equipment requires replacement.”

“RTS is very excited about the tremendous benefit that Fuji Electric’s world class products, engineering capabilities, and excellent reputation in the power generation industry will bring to RTS’ customers and our own team, as well,” said Tim Weiss, CEO of RTS Holdings, Inc., in the same company statement.

“Through years of work in the industrial services and turbine MRO markets, C.W. Downer has developed a deep knowledge of those key international players with a strong interest in a growing, turnkey services business such as RTS,” said Wade Aust, Managing Director & Partner with C.W. Downer & Co.

“It was a pleasure working with the RTS team to help them complete this transaction,” added David Waldstein, Vice President with C.W. Downer & Co. “The strong strategic and cultural fit between the RTS and Fuji management was evident throughout the deal process as both sides started to plan for future business opportunities together as one company.”

The C.W. Downer & Co. team advising RTS with the sale included Wade Aust (Managing Director & Partner), David Waldstein (Vice President) and Nick Virga (Analyst).

About C.W. Downer & Co.

C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 40 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With nine fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover “hidden” acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

For Additional Information:

Wade Aust
Managing Director & Partner
This email address is being protected from spambots. You need JavaScript enabled to view it. +1 617 482 6200

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