Tideland Signal Corporation, a portfolio company of Rock Hill Capital Group, has acquired IMT BV Group of Companies. Tideland Signal was acquired by Rock Hill in June 2012. According to Rock Hill, the Tideland and IMT product mix is highly complementary and together the two companies comprise the broadest marine aids-to-navigation products portfolio in the industry.
IMT makes and sells lighting, navigation and signalization products and systems used by offshore wind farms, oil and gas companies, and marine, construction and governmental organizations. IMT is headquartered in The Netherlands and has subsidiaries in Singapore, the UK and Germany (www.imt.eu/en).
Tideland Signal provides marine aids-to-navigation (AtoN) systems worldwide that are used by Coast Guards, Navies, ports and harbors, offshore oil and gas companies, and other marine authorities. Products and services include rotationally molded polyethylene buoys, self-contained LED lanterns, conventional LED lanterns, range lights, fog signals, fog detectors, solar power systems, rotating beacons and related installation and repair services. The company was founded in 1954 and is headquartered in Houston with additional offices in the US, Canada, Singapore, United Arab Emirates, China and the United Kingdom (www.tidelandsignal.com).
“The IMT acquisition represents a synergistic expansion of Tideland’s geographic and product capabilities that compliments the company’s strategic goal of being the world’s leading AtoN provider,” said Randall Hale, Founder and Managing Director of Rock Hill.
Rock Hill Capital Group invests in small-to-lower middle market companies with enterprise values up to $75 million and EBITDA of less than $10 million that are located in the South and Southeast regions of the US. Sectors of interest include industrial and energy services and value-added distribution. The firm was founded in 2008 and is based in Houston (www.rockhillcap.com).
© 2016 PEPD • Private Equity’s Leading News Magazine • 1-6-16