Speidel Bought By Partnership

A Rhode Island private-equity partnership bought the assets of Speidel, according to a Rhode Island news report.

Gennaro and Lynnemarie Cerce, siblings and principals in Cerce Capital LLC, purchased the Cranston-based company for $1.65 million. A Superior Court judge approved the deal last week, according to the lawyer overseeing the company’s finances.

Speidel filed for receivership this past June.

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