Roeslein & Associates, Inc. will acquire Pride Conveyance Systems in a mutually beneficial agreement taking place January 1, 2018.
The transaction is a natural progression for the two companies that have held a long standing relationship dating back over 30 years. Roeslein founder Rudi Roeslein worked with Pride founders Shannon Pride, Pat Jordan, and Ruben Padilla at Wiebe in the late 1980s. They left the company to pursue individual businesses with Roeslein focusing on the structural unitization and integration of complex beverage container plant process systems and Pride honing their expertise in the conveyance systems that transport product on the production lines.
“What we have are two companies that ultimately seek a common goal of total client satisfaction. Roeslein has built a business around the principle that no project is complete until the client is completely happy, and that philosophy rings true with Pride as well,” said Roeslein CEO Rudi Roeslein. “It makes sense for our two companies to become one to better serve the industry as a whole.”
Following the transaction, Pride Conveyance Systems will be rebranded as Pride Conveyance Systems: A Roeslein Company and will maintain manufacturing operations at its Hollister, California facility. The Pride employees will join Roeslein’s ESOP program and current Pride owners Shannon Pride, Pat Jordan, Ruben Padilla, and Joel Thomas, Director of Manufacturing, will join Roeslein’s Partnership Group.
Both Roeslein and Pride have been under the same ownership for the entirety of their business history. This transition works as a succession plan for the future of the Pride employees and enterprise. “Our people are the heart of our business and we want to make sure that they are taken care of. We have traditionally shared many of the same values and business acumen with Roeslein and this is going to be a great fit on many levels for our future,” said Shannon Pride, President of Pride. “Our employees have the unique opportunity to continue doing what they love while also being a part of something bigger with Roeslein’s ESOP.”
“The acquisition of Pride fits perfectly into our strategic vision to build an organization that serves our client’s needs with superior quality products and state of the art technology,” said Brian Sneed, CFO of Roeslein. “We are excited to welcome the entire Pride organization into our ESOP family of Roeslein companies and look forward to building on the success the Pride team has achieved over the past 27 years.”
Strategic benefits will be seen industry-wide as a result of the acquisition. With the two companies becoming one, there will be an expanded resource pool to reduce project lead times on production while providing operations support to a wider geographic range of clients and projects, installation services, start-up services, and commissioning. Roeslein plans to use this opportunity to diversify its service offerings by pursuing filling, packaging, and material handling within the canmaking industry, and also in other industries such as consumer products, oil and gas, renewable energy, and others.
Roeslein & Associates was founded in 1990, specializing in engineering, modular fabrication and construction services. The company has product offerings in the container manufacturing industry, canmaking industry, and the process and energy sectors with annual revenues over $200 million. Its 425 employees are spread throughout offices in St. Louis, MO (HQ); Red Bud, IL; Denver, CO; Northampton, UK; and Shanghai, China. To find out more, please visit www.roeslein.com.
Pride Conveyance Systems was founded in 1990 and has grown into one of the leading conveyance suppliers in the industry. Client’s conveyance needs are supported by the facility in Hollister, California, approximately 90 miles south of San Francisco. Pride fabricates all conveyance components used in canmaking plants. Pride’s mechanical conveyors, vacuum devices, magnetic devices, air systems, converging rail single-filers, and air doubling box single-filers are the leading components in the industry.