Continuim takes majority stake in manufacturer Resodyn
- Lawrence Farrar will transition from president and CEO of Resodyn to chief technology officer
- Resodyn was founded in 1994
Continuim Equity Partners has acquired a majority stake in Resodyn, Butte, Montana-based manufacturer of new technologies, for undisclosed terms.
Resodyn will serve as Continuim’s strategic platform in the industrial mixing and materials processing sector.
Lawrence Farrar will transition from president and CEO of Resodyn to chief technology officer.
“Lawrence Farrar has proven himself as a world-class entrepreneur. We are both humbled and thrilled that he has chosen Continuim as his long-term strategic partner to invest in the continued development of Resodyn and its highly innovative industrial mixing technologies,” said George Pilafas, managing partner of Continuim. “This growth investment in Resodyn is another excellent example of how Continuim’s differentiated strategy, resources, and collaborative approach resonate with founders seeking long-term stewardship, an unrelenting commitment to continuous improvement, and a high degree of respect for the businesses they have built.”
Liberty Ridge Advisors served as financial advisor to Resodyn in connection with the transaction.
Resodyn was founded in 1994.
