Resilience Capital Partners' portfolio company, Trialon Corporation, has been acquired by Element Materials Technology, one of the world's leading providers of testing, inspection and certification services.
Headquartered in Auburn Hills, Michigan, Trialon is a leading provider of testing and technical services including environmental, EMC, materials and vibration testing serving primarily the transportation industry. Resilience acquired Trialon in March 2016 and immediately embarked on a significant capital investment strategy and exiting non-core operations to transform the business' profile to a comprehensive testing partner for its marquee transportation customers. During its ownership, Resilience more than doubled Trialon's testing capacity within its existing laboratory footprint and added a state-of-the-art testing center in Auburn Hills by converting an in-house captive facility into an independent laboratory.
"Given Trialon's growth trajectory after significantly investing in the business including a world-class management team, we felt it was time to find the right partner for Trialon's next chapter. The company still has tremendous opportunity and is well positioned in the ever-evolving transportation industry," said Bassem Mansour, co-CEO of Resilience.
Hennepin Partners acted as financial advisor and Jones Day as legal counsel to Resilience and Trialon. Terms of the transaction were not disclosed.
