Dallas — The RectorSeal Corporation, a Houston, Texas-based manufacturer of chemical and specialty products for professional tradesmen, has acquired certain assets of Resource Conservation Technologies (RCT), a Sarasota, Florida-based manufacturer of HVAC/R products.
The acquisition of RCT’s assets represents the 25th acquisition by RectorSeal since 1991.
“The RCT transaction is another example of RectorSeal’s demonstrated ability to identify and acquire highly complementary products,” said Joseph B. Armes, President and Chief Executive Officer of Capital Southwest. “This product line readily integrates into RectorSeal’s established distribution system and will enhance shareholder value.”
RCT manufactures condensation sensor and drainage equipment for heating and air conditioning systems.
“We view RCT as a fast-growing company with unique products that will expand the breadth of RectorSeal’s HVAC/R offerings, especially in the condensate management niche, which is an important part of our existing
product offerings,” said David Smith, President of RectorSeal.
Terms of the transaction were not disclosed.