Sentinel Capital Partners Exits LTI Boyd
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Sentinel Capital Partners Exits LTI Boyd

Sentinel Capital Partners announced today the sale of LTI Boyd, a manufacturer and supplier of high performance, custom engineered components for large, multinational OEMs. During Sentinel’s ownership, LTI Boyd’s revenue increased nearly five-fold through organic growth and the completion of three acquisitions. “We are extremely pleased with LTI Boyd’s performance,” said John McCormack, Senior Partner at Sentinel. “We have been fortunate to partner with LTI Boyd’s talented management team and wish them continued success as they enter their next stage of growth.”

LTI Boyd manufactures products for gasket, sealing, insulation, and impact protection applications in the heavy truck, recreational vehicle, enterprise electronics, off-highway, aerospace, and consumer electronics markets. LTI Boyd operates seven manufacturing facilities across the United States and in China. The company is based in Modesto, CA (www.ltiboyd.com).

“Sentinel was an ideal partner for our team,” said Mitch Aiello, LTI Boyd’s CEO. “Sentinel’s support and help was a crucial component of LTI Boyd establishing its leading market position.”

Sentinel Capital Partners invests in smaller middle market companies in the United States and Canada in partnership with management. The firm invests in management buyouts, recapitalizations, corporate divestitures, and going-private transactions of established businesses with EBITDAs of between $7 million and $35 million. Sectors of interest include aerospace & defense, business services, consumer, distribution, food & restaurants, franchising, healthcare products and services, and industrials. The firm is located in New York, NY n(www.sentinelpartners.com).

Robert W. Baird & Co. advised LTI Boyd in the transaction. William Blair & Company served as co-advisor. Kirkland & Ellis served as legal advisor to LTI Boyd.

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