Wipfli Corporate Finance advises RWCI on its sale
December 20, 2021
Wipfli Corporate Finance Advisors, LLC is pleased to announce its client, RWCI Equipment Sales (“RWCI” or the “Company”) has been acquired by RWCI Acquisition, LLC, a portfolio company of Konza Valley Capital, Inc. (“KVCI”) and Capital For Business, Inc. (“CFB”).
Based in Flora, IL, RWCI is a leading provider of heavy equipment sales, rentals, and refurbishing services. The Company maintains a robust inventory of aerial lifts, forklifts, scissor lifts, backhoes, and skid steers for sale or rental. For over two decades, the Company has helped improve the profitability of its customers’ fleets through its restoration and refurbishing services, general repairs, and paint services.
Jim Bindon, former Owner and President of RWCI, will transition into a consultative role with the ongoing entity following the transaction. “I was very impressed with Brian and the rest of the KVCI and CFB team. They were easy to work with, collaborative, and incredibly helpful in providing guidance when crucial decisions needed to be made,” said Bindon. “I am thrilled to have partnered with them on this acquisition, and with the people, environment, and product we produce at RWCI, it will be truly exciting to see them take it to the next level.”
Commenting on the new investment, KVCI Principal Brian Lueger stated, “We are excited by the ability to build on the foundation that Jim and his team has built to continue to grow RWCI. We look forward to working with the current management team as the Company continues to grow.”
Wipfli Corporate Finance Advisors, LLC acted as exclusive financial advisor to RWCI in connection with the sale. Buckley Fine, LLC served as legal counsel.
About RWCI Equipment Sales
RWCI is a leading provider of heavy equipment sales, rentals, and refurbishing services. With its headquarters in Flora, IL, the Company serves customers both domestically and internationally. For more information, visit www.rwciinc.com.
About Konza Valley Capital
Founded in 1977, KVCI is a Kansas-based private equity firm primarily focused on investing in lower middle market companies. KVCI has partnered with many successful companies operating within the manufacturing, service, distribution, retail, and technology related industries. For more information, visit www.kvci.com.
About Capital For Business
Capital For Business (CFB) is a St. Louis-based private investment firm owned by Commerce Bancshares, Inc. focused on providing capital to middle-market businesses with proven management teams and a high potential for growth. Founded in 1959, CFB is one of the oldest small business investment companies (SBICs) in the nation, and has invested in numerous companies across a wide range of niche consumer, commercial, distribution, manufacturing, and service markets throughout the United States. For more information, visit www.cfb.com.
About Buckley Fine
Buckley Fine is a full-service law firm based in Barrington, IL. Helmut Gerlach was the lead attorney for RWCI on this transaction and was assisted by Nicole Arnold. For more information, visit www.buckleyfinelaw.com.