HedgeCo.Net — Continuim Equity Partners said Thursday it had acquired a majority interest in Resodyn Corporation and the assets of Resodyn Acoustic Mixers, Inc., and injected growth capital for the next expansion phase. The PR Newswire release is the primary. Continuim’s own site independently carried the same Resodyn majority partnership announcement.
The Pittsburgh industrial buyout firm said the deal is the fifth new platform for Continuim Equity Partners Fund II and the eleventh platform since inception. Resodyn becomes Continuim’s strategic platform in industrial mixing and materials processing. Founder Lawrence Farrar remains an active shareholder and moves from president and chief executive to chief technology officer.
Resodyn, founded in 1994 and based in Butte, Montana, designs ResonantAcoustic mixing systems used in aerospace and defense, pharmaceuticals, chemicals, additive manufacturing, batteries, and research. Systems are installed in more than 40 countries, the company said. Continuim plans to apply its EDGE operating playbook to lift manufacturing capacity, broaden end markets, and deepen the organization. Liberty Ridge Advisors advised Resodyn. Purchase price was not disclosed.
The allocator object is a Fund II platform majority in a patented industrial-equipment business, not a fund close. Continuim’s separate Fund III close at $548 million earlier in August is a different vehicle and is not this transaction. Anyone printing an invented enterprise value has left the sourced tape. It is a signed majority partnership, not a minority growth check.