Cleveland, Ohio, August 21, 2014 – Resilience Capital Partners, a Cleveland-based private equity firm focused
on investing in and improving lower mid-market companies in a broad range of industries, has announced an
investment in Hynes Industries, Inc. and Hynes Kokomo, LLC which will operate as a newly-formed platform
company that will continue under the name of Hynes Industries (“Hynes”). Members of the Bresnahan family
will retain a minority ownership stake in the business. Hynes is headquartered in Youngstown, Ohio and is a
leading North American manufacturer of rolled formed shapes, strip steel and flat wire. Hynes is a trusted
partner to a diversified base of premier customers operating within the truck trailer, building and construction
products, home and long-term care products and a variety of other markets. Hynes is Resilience Capital
Partners’ ninth platform investment for The Resilience Fund III, L.P.
“On behalf of the entire Resilience organization, we couldn’t be more pleased with the opportunity to partner
with the Bresnahan family and build upon their 50 years of family ownership. This Resilience investment will
ensure this company, based in Ohio, the heart of the industrial Midwest, will continue to be an industry leader
and provide support to its customers as they expand and grow both nationally and internationally,” said
Steven Rosen, Co-CEO of Resilience Capital Partners.
Ki Mixon, a Partner at Resilience Capital Partners, added that “Hynes has developed a very strong reputation
in the marketplace that is driven by their on-time delivery and quality record. They have an impressive track
record and a great foundation from which we can launch our newest platform investment. We are excited
and commited to rolling up our sleeves and working hard alongside the talented staff at Hynes right here in
Ohio.”
William J. Bresnahan, board member, commented that “Our commitment to working alongside our new
partners to take Hynes to the next level of excellence is strong. We welcome the Resilience team to the Hynes
family and look forward to this new chapter in the company’s long history.”
About Resilience Capital Partners
Headquartered in Cleveland, OH, Resilience Capital Partners invests in niche-oriented manufacturing and
business service companies located in the Midwestern and Mid-Atlantic United States with sustainable market
positions and a clear path to cash flow improvement. Resilience targets platform businesses with $25 million
to $250 million in revenues across a broad range of industries where it can improve a company’s operations,
competitive positioning and profitability. Since its founding in 2001, Resilience Capital has invested in 40
companies under 23 platforms. Its portfolio companies today employ more than 7,000 people in 14 states and
collectively represent over $2 billion in revenues. Resilience manages in excess of $320 million for its global
investor base which includes pension funds, insurance companies, foundations and endowments, fund of
funds, wealth managers, and investment consultants. For more information, please visit
www.resiliencecapital.com.
About Hynes Industries
Headquartered in Youngstown, OH Hynes Industries is a leading North American manufacturer of rolled
formed shapes, strip steel and flat wire. Hynes is a trusted partner to a diversified base of premier customers
operating within the truck trailer, building and construction products, home and long-term care products and
a variety of other markets.
Contact Information
Steven Rosen Resilience Capital Partners (216) 292-4748
Ki Mixon Resilience Capital Partners (216) 292-0503