RMSM LTD., f/k/a ROTATING MECHANICAL SOLUTIONS CORP., RYAN MCGUIRE, SCOTT MCGUIRE v. INDUSTRIAL SERVICE SOLUTIONS, LLC

CourtDistrict Court, D. Colorado
DecidedMarch 31, 2026
Docket1:25-cv-01037
StatusUnknown

This text of RMSM LTD., f/k/a ROTATING MECHANICAL SOLUTIONS CORP., RYAN MCGUIRE, SCOTT MCGUIRE v. INDUSTRIAL SERVICE SOLUTIONS, LLC (RMSM LTD., f/k/a ROTATING MECHANICAL SOLUTIONS CORP., RYAN MCGUIRE, SCOTT MCGUIRE v. INDUSTRIAL SERVICE SOLUTIONS, LLC) is published on Counsel Stack Legal Research, covering District Court, D. Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
RMSM LTD., f/k/a ROTATING MECHANICAL SOLUTIONS CORP., RYAN MCGUIRE, SCOTT MCGUIRE v. INDUSTRIAL SERVICE SOLUTIONS, LLC, (D. Colo. 2026).

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLORADO Judge Regina M. Rodriguez

Civil Action No. 1:25-cv-01037-RMR-KAS

RMSM LTD., f/k/a ROTATING MECHANICAL SOLUTIONS CORP., RYAN MCGUIRE, SCOTT MCGUIRE,

Plaintiffs and Counterclaim Defendants,

v.

INDUSTRIAL SERVICE SOLUTIONS, LLC,

Defendant and Counterclaim Plaintiff.

ORDER

This matter is before the Court on the Recommendation of United States Magistrate Judge Kathryn A. Starnella entered on February 24, 2026, ECF No. 72, addressing Defendant’s Partial Rule 12(b)(6) Motion to Dismiss (“Defendant’s Motion”), ECF No. 16, and Plaintiffs’ Partial Rule 12(b)(6) Motion to Dismiss (“Plaintiffs’ Motion”), ECF No. 48. Magistrate Judge Starnella recommends that both Motions be granted in part and denied in part. Plaintiffs filed their Objection, ECF No. 75, and Defendant filed its Response, ECF No. 78. The Court has reviewed the Recommendation, the Objection, the Response, and the record. For the reasons stated below, the Recommendation is accepted in part and rejected in part. I. BACKGROUND1 This case involves employee and former employer disputes over wages and wrongful termination. Plaintiffs Ryan McGuire and Scott McGuire started a company called Rotating Mechanical Solutions Corporation in 2010, or RMSM Ltd. (“RMSM”). RMSM is a Colorado corporation with its principal place of business in Littleton, Colorado. In 2022, the McGuires sold RMSM’s assets to Defendant Industrial Service Solutions, LLC (“ISS”). The McGuires agreed to become Defendant’s employees and operate RMSM’s assets. Defendant is a Delaware limited liability company with its principal place of business in Texas and owns and operates a business in Brighton, Colorado. The terms of the 2022 sale were memorialized in six documents: (1) Employment

Agreement between Ryan McGuire and Defendant (the “Ryan Emp. Agreement”); (2) Employment Agreement between Scott McGuire and Defendant (the “Scott Emp. Agreement”); (3) Asset Purchase Agreement between Defendant and RMSM (the “APA”); (4) Noncompetition Agreement between Defendant and RMSM (the “RMSM Non- compete”); (5) Noncompetition Agreement between Defendant and Ryan McGuire (the “Ryan Non-compete”); and (6) Noncompetition Agreement between Defendant and Scott McGuire (the “Scott Non-compete”). According to Plaintiffs, they were entitled to payments and bonuses under the Employment Agreements and APA. The APA outlines “earn-out payments” the McGuires were entitled to if their Earnings Before Interest, Taxes, Depreciation, and Amortization (“EBITDA”) exceeded

certain thresholds. It also provides that Defendant is not required to pay any earn-out

1 The following facts are from the “Background” section of the Recommendation. ECF No. 72 at 1-8. payments if Plaintiffs violate their respective Non-compete agreements. Under the APA, if any such violation occurred, Plaintiffs are jointly and severally liable for the “immediate return of the full amount of any Earn-Out Payments which were previously paid to seller.” The Employment Agreements describe the conditions for the McGuires’ annual bonuses, including “the achievement of management incentive targets and at the discretion of the Management Committee.” These “management incentive targets” correspond with the APA’s EBITDA thresholds. The Employment Agreements also provide that the McGuires would receive 160 hours of paid vacation time, which would become “earned, vested, and determinable” on the first day of each year.

Plaintiffs assert they earned the full $800,000 earn-out in 2022. Defendant also paid annual bonuses in the amount of $23,333.33 to each of the McGuires. However, Plaintiffs allege Defendant made drastic changes to undermine Plaintiffs’ business in 2023. Plaintiffs did not receive an earn-out in 2023, and they demanded Defendants re- evaluate the EBITDA figure. Even after the re-calculation, the 2023 EBITDA did not exceed the threshold to trigger an earn-out. Plaintiffs initiated arbitration concerning the earn-out, as required by the APA’s arbitration clause. Plaintiffs allege that after they initiated arbitration, Defendant terminated their employment and failed to pay out the McGuires’ accrued vacation time. During the initial arbitration proceedings, Defendant allegedly accused Plaintiffs of

violating their respective Non-competes and requested return of the $800,000 earn-out from 2022. Plaintiffs now assert ten causes of action: • Claim 1: Declaratory Judgment – Non-competes in the August 15, 2022 Noncompetition Agreements Supersede the Non-competes in the Employment Agreements Signed on or Around August 5, 2022; • Claim 2: Declaratory Judgment – Non-competes are Unenforceable Under Colorado Law; • Claim 3: Declaratory Judgment – Paragraph 3(iii)(E) of the APA is Invalid Under Either Colo. Rev. Stat. § 8-4-121 or Delaware Law as an Improper Penalty; • Claim 4: Declaratory Judgment – Paragraph 2(B) in the Employment

Agreements is Invalid Under Colo. Rev. Stat. § 8-4-121; • Claim 5: Violation of the Colorado Wage Claim Act for Failure to Pay Wages, Colo. Rev. Stat. § 8-4-101 et seq.; • Claim 6: Violation of the Colorado Wage Claim Act for Wrongful Termination, Colo. Rev. Stat. § 8-4-120; • Claim 7: Retaliatory Discharge in Violation of Colorado’s Public Policy and the Common Law; • Claim 8: Violation of Colorado’s Equal Pay for Equal Work Act, Colo. Rev. Stat. § 8-5-102(2)(d);

• Claim 9: Breach of Contract and Breach of the Implied Covenant of Good Faith and Fair Dealing Regarding the Employment Agreements; • Claim 10: Breach of Contract and Breach of the Implied Covenant of Good Faith and Fair Dealing Regarding the APA. Defendant asserts counterclaims, alleging that Plaintiffs violated their respective Non- competes when they ran a separate business, Industrial Electric and Machine Corp. (“IEM”). Defendant contends the McGuires have been on IEM’s board of directors since 2017 and that IEM engages in business that competes with Defendant. Accordingly, Defendant brings the following counterclaims: • Counterclaim 1: Breach of Contract (Non-competes); • Counterclaim 2: Breach of the Duty of Loyalty; • Counterclaim 3: Fraudulent Inducement; • Counterclaim 4: Breach of Contract (APA); and

• Counterclaim 5: Negligent Misrepresentation. At this stage, Defendant moves to dismiss Plaintiffs’ claims 1-4 and 6-8 in whole and claim 5 in part under Fed. R. Civ. P. 12(b)(6) for failure to state a claim. ECF No. 16. Plaintiffs voluntarily dismissed claim 4. Plaintiffs also move to dismiss counterclaims 1, 2, 3, and 5 in whole and counterclaim 4 in part. ECF No. 48. II. LEGAL STANDARD The Court is required to make a de novo determination of those portions of a magistrate judge’s recommendation to which a specific, timely objection has been made, and it may accept, reject, or modify any or all of the magistrate judge’s findings or

recommendations. 28 U.S.C. § 636(b)(1) (“A judge of the court shall make a de novo determination of those portions of the report or specified proposed findings or recommendations to which objection is made.”); Fed. R. Civ. P. 72(b)(3) (“The district judge must determine de novo any part of the magistrate judge’s disposition that has been properly objected to.”). “[A] party’s objections to the magistrate judge’s report and recommendation must be both timely and specific to preserve an issue for de novo review by the district court or for appellate review.” United States v. One Parcel of Real Property, 73 F.3d 1057

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RMSM LTD., f/k/a ROTATING MECHANICAL SOLUTIONS CORP., RYAN MCGUIRE, SCOTT MCGUIRE v. INDUSTRIAL SERVICE SOLUTIONS, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/rmsm-ltd-fka-rotating-mechanical-solutions-corp-ryan-mcguire-scott-cod-2026.