Resolute Industrial acquires Rocky Mountain Portable Cooling

Resolute Industrial, an independent provider of specialty HVAC and power equipment rental solutions, has acquired Englewood, Colo.-based Rocky Mountain Portable Cooling (RMPC). RMPC will operate under Resolute Industrial’s rental division, Mobile Air & Power Rentals. Terms of the transaction were not disclosed.

RMPC was founded in 1998 by Mark Stone, now president of the company, to provide temporary heating and cooling equipment solutions in the Denver market. RMPC maintains a diversified fleet of climate control products, including portable spot coolers, packaged AC, chillers, heaters and power generation. Stone and his team will continue operating the business as employees of Mobile Air & Power Rentals.

“This acquisition allows our rental division to expand into the Denver market with an experienced team while adding over 500 assets to our fleet. Mark and his colleagues, along with their equipment solutions, are well-respected in the market, and we are extremely excited to welcome the RMPC team to the Mobile Air & Power Rentals family,” said Mike McGraw, Resolute Industrial CEO.

“Joining Mobile Air & Power Rentals opens an exciting door for RMPC, offering access to a wide range of resources that will support our further expansion in the Rocky Mountain region. We look forward to working with Mike and his team to grow the combined companies,” said Stone.

Resolute Industrial is a portfolio company of AE Industrial Partners, LP, a U.S-based private equity firm specializing in aerospace, defense and government services, space, power and utility services, and specialty industrial markets.

Lewis Brisbois served as the legal advisor to Resolute Industrial.