Denver, CO – Platte River Equity (“Platte River”) is pleased to announce that its portfolio company Spartaco Companies (“Spartaco”) has acquired Ronin Revolution Corp. (“Ronin” or the “Company”). Ronin is a manufacturer of battery-powered ascenders and accessories used predominately in the telecommunications, arborist, utility and military markets.
"We welcome the Ronin team and the Company’s innovative product line to the Spartaco family. Ronin's battery-powered ascenders are a great addition to our portfolio of tools that we believe will deliver game-changing results for our customers, enabling them to work safer, easier and more efficiently,” said Nick Skrobot, CEO of Spartaco.
"The Ronin team is excited to leverage the extensive resources available through Spartaco to offer our powered ascenders. Together, we expect to provide even more value to our customers and end-users. We have known the Spartaco and Platte River teams for quite some time and look forward to our partnership with them," stated Bryant Bertrand, Co-Founder & CEO of Ronin.
"We are excited to partner with Ronin to accelerate its growth and expansion. Ronin’s battery-powered ascenders are a step forward for the safety of at-height infrastructure workers, and we believe that Spartaco is an ideal partner to help them reach their full potential,” said Mike Reilly, Principal of Platte River Equity.
Headquartered in Placentia, CA, Ronin is a manufacturer of Li-ion battery-powered ascenders and accessories used predominantly in the telecommunications, arborist, utility and military markets. Ronin’s battery-powered ascender devices help at-height workers ascend towers and other structures with ease of an automated hoist device.