Ryan Herco Flow Solutions Completes New Funding Process
Burbank, CA, April 7, 2011 – Ryan Herco Flow Solutions (RHFS) completes new funding process with Greenbriar Equity Group LLC through its’ Greenbriar Equity Fund II, L.P. and affiliated investment entities. The completion of the new funding process reaffirms RHFS’ commitment to the market and success through long term strategic growth.
Headquartered in Rye, New York, Greenbriar Equity Group LLC, focuses exclusively on the global transportation industry, including companies in freight and passenger transport, aerospace and defense, automotive, logistics and distribution, and related sectors. “I have been impressed by the distribution industry experience and operating expertise of the Greenbriar team,” stated Dave Patterson, President and Chief Executive Officer of RHFS. “Greenbriar has assembled an exceptional group of senior executives and board members to assist themanagement team as we continue to grow the business. We are delighted to have Greenbriar as a partner going forward.”
“Under Dave Patterson’s leadership, RHFS has established a leading position in the specialized markets which it serves” stated John Daileader, Managing Director of Greenbriar Equity Group. “We are confident that our financial and operational resources, coupled with the experience and commercial success of this management team, will expand both organic and acquisition related growth opportunities for the business.” Terms of the transaction were not disclosed. About Greenbriar Equity Group Greenbriar Equity Group LLC, a private equity firm with $1.5 billion of committed capital, focuses exclusively on the global transportation industry, including companies in freight and passenger transport, aerospace and defense, automotive, logistics and distribution, and related sectors. Greenbriar invests with proven management teams who are interested in being significant equity owners in their companies as well as with corporate partners who are interested in raising capital. Greenbriar’s partners bring many decades of experience at the highest levels within the transportation industry. Additional information may be found at www.greenbriarequity.com.