Long Point Capital, in partnership with Steve DeTommaso and his management team, is pleased to announce the recapitalization of Torrent resources, Inc., a leading provider of stormwater drainage solutions of in the Southwestern United States. Headquartered in Phoenix, Arizona, Torrent's patented MaxWell™ drywells are unmatched in efficiency and reliability for stormwater disposal applications.
Steve DeTommaso, President and CEO of Torrent, will continue to lead the business. "We are excited about our partnership with Long Point Capital, and are looking forward to pursuing additional growth opportunities with the support of our new business partners and the resources they bring to us," says Steve DeTommaso.
Gerry Boylan, Managing Director of Long Point adds, "Steve and his team have built a very impressive business. We are fortunate to be partners with a successful, proven entrepreneur, and are enthusiastic about the future growth opportunities in his marketplace."
Torrent Resources represents Long Point Capital's fifth investment in LPC Fund II.
Long Point Capital is a Michigan and New York based investment fund which partners with growth oriented companies to provide both equity capital and management support. Our principals have been involved in more than 50 transactions with an aggregate value exceeding $5 billion. Long Point Capital manages approximately $315 million of capital and focuses on investments in manufacturing, distribution, or industrial service companies, with revenues between $30 million to $200 million.