Houlihan Lokey Advises Restaurant Technologies
Houlihan Lokey is pleased to announce that Restaurant Technologies, Inc. (RT), a portfolio company of Aurora Capital Partners (Aurora), has been acquired by West Street Infrastructure Partners III, a family of infrastructure investment funds managed by the Merchant Banking Division of The Goldman Sachs Group, Inc.
Restaurant Technologies is the largest national provider of closed-loop automated cooking oil solutions to the U.S. restaurant and hospitality market. Based in Minneapolis, Minnesota, the company offers fresh oil delivery, used oil removal, hood and exhaust cleaning solutions, and remote monitoring and data analytics under long-term customer contracts. RT serves more than 25,000 customer locations across the U.S. out of a nationwide network of 41 depots and approximately 350 specialty designed vehicles. RT installs its cooking oil systems at no up-front cost to the customer, and oil delivery and removal services are scheduled automatically based on the company's remote monitoring of new oil levels in customer tanks. Once oil is removed it is sold to producers of biofuels to be used as a feedstock in the production of biodiesel.
Aurora Capital Partners is a leading private equity firm managing funds with total capital commitments of over $3 billion. Aurora focuses principally on control investments in middle-market companies with leading market positions, stable industry dynamics, attractive business model characteristics, and actionable opportunities for growth in partnership with management. Aurora provides unique resources to its portfolio companies through its Strategy & Operations Program and its team of experienced operating advisors.
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm. Goldman Sachs Merchant Banking Division is the primary center for the firm's long-term principal investing activity. With nine offices across seven countries, Goldman Sachs Merchant Banking Division is one of the leading private capital investors in the world with equity and credit investments across infrastructure, corporate, and real estate strategies. Since 1986, the group has invested approximately $180 billion of levered capital across a number of geographies, industries, and transaction types. Through its infrastructure investment funds, Goldman Sachs Merchant Banking Division pursues investments in transportation, energy and utilities, communications, and other infrastructure assets around the world.
Houlihan Lokey served as financial advisor to Aurora and RT.
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