Stamford, CT (January 2021) — Belden Hill Partners, LLC (“BHP”) is pleased to announce the sale of a controlling interest in its client, Robert Family Holdings, LLC (“RFH”), headquartered in St. Louis, MO, to Tinicum L.P. and affiliated funds managed by Tinicum Incorporated (“Tinicum”), a long-term oriented equity investor based in New York, NY. Belden Hill Partners served as exclusive financial advisor to RFH.
RFH, a third generation family business founded in 1946, has been a leading manufacturer of high-quality, industrial component products for a broad array of industries. The Company has a global presence, with 1,300 employees across nine dedicated manufacturing facilities and numerous sales and distribution offices in the U.S. and in China, Taiwan, India, Sweden, and the Philippines. The Company’s three business units – Advantek, Inc. (“Advantek”), Continental Disc Corporation (“CDC”), and Dexter Magnetic Technologies, Inc. (“Dexter”) – each provide highly engineered, value-added products that are mission critical components for their respective industries. Advantek is a worldwide leader in the manufacture and sale of carrier tape, cover tape, and associated products that play an essential role in the packaging and assembly process for electronic components. CDC is an industry leader in the design, innovation and manufacturing technology of rupture discs, pressure relief valves and flame arrestors for a variety of process industries including aerospace, defense, pharmaceutical, chemical, oil & gas, and food & beverage markets. Dexter is a global leader in the design and manufacturing of permanent and soft magnetic products and assemblies that are critical components in industrial OEM and consumer applications, such as sophisticated aerospace and defense systems and life-saving medical and biotech devices.
Tinicum L.P acquired a majority interest in RFH, with certain members of the Robert Family retaining a significant minority ownership position in the Company. Tinicum, founded in 1974, is a private investment partnership with experience investing in private and public companies in industrial manufacturing, distribution, and technology. Tinicum invests in businesses for the long term and seeks to partner with owners, families, and managers who share a similar approach. For more information on the transaction, please click the following link: RFH / Tinicum Transaction Announcement.
Drew Ladau, President & CEO of RFH noted, “The team at Belden Hill strategized with the family shareholders and non-family management team on the long term decision to transition the ownership of RFH. They ushered us through the complexities of that process and delivered a number of attractive partnership alternatives that identified with the family and Company’s long-term investment outlook. Our chosen partner will enable each of our businesses to continue investing in the personnel, capital, and solutions needed to provide industry-leading products and service to our customers worldwide.”
For more than 25 years, the professionals at Belden Hill Partners, LLC, have helped hundreds of closely held and family owned businesses design, plan and execute creative strategies to maximize shareholder value. Based in Stamford, CT, BHP serves business owners across the United States and Canada, providing clients with a menu of strategic options or alternatives to balance the often competing needs for growth capital for the business, liquidity for shareholders, and the desire to maintain management or family control. The execution of those options often involves: the raising of debt and equity for growth capital needs, shareholder liquidity, recapitalizations, or mergers and acquisitions with strategic, value-added partners and longer term, more patient, financial investors. For more information, visit BHP’s website at www.beldenhillpartners.com.
