RLE Technologies (Fort Collins, Colorado) — a manufacturer of facility environment monitoring, fluid leak detection and airflow management products, announced Nov. 30 that it has been acquired by private equity firm May River Capital. Terms of the deal were not disclosed.
Founded in 1984 by Don Raymond and his family, RLE designs and manufactures environmental monitoring equipment for data centers, critical facilities and other applications. The company serves a longstanding customer base of blue-chip OEMs, distributors, value-added reseller partners and end users.
The company is led by CEO Tim Hirschenhofer. He and the RLE leadership team will continue to lead the organization in their current roles.
“We are excited about the next phase of growth for RLE in partnership with May River,” Hirschenhofer said in a news release. “The financial and operational resources that May River brings will allow us to best serve our customers going forward,” Hirschenhofer added.
“RLE represents a platform acquisition for May River focused on environmental monitoring within the data center and critical facilities end markets,” added Patrick McVickers, Vice President at May River.
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