Sentinel Capital Partners has exited its investment in RotoMetrics, a provider of rotary tooling and accessories. The name of the buyer was not provided to Private Equity Professional.
RotoMetrics is a maker of made-to-order rotary cutting dies and other tooling that are used in web converting and printing applications. The company’s products – which include flexible and solid dies, magnetic cylinders, anvils, print cylinders & sleeves, and gears – are sold to more than 5,500 converter and OEM customers. RotoMetrics was founded in 1957 and is headquartered near St. Louis in Eureka, MO.
RotoMetrics has 1,100 employees and manufacturing and repair facilities in eight countries including Australia, Brazil, China, Canada, Germany, Thailand, the United Kingdom, and the United States (www.rotometrics.com).
Sentinel acquired RotoMetrics in November 2014 from Morgenthaler Private Equity which had owned the business since 2008. “We are extremely pleased with our investment in RotoMetrics,” said Scott Perry, a Partner at Sentinel. “Thanks to its hugely talented management team, RotoMetrics has become a powerful platform for growth. On our watch, RotoMetrics not only grew organically but also successfully completed five add-on acquisitions.”
The four largest of the five add-on acquisitions were the buys of Action Rotary Die, a St. Louis-based maker of tooling, in June 2017; Electro Optic, a maker of flexible dies and tooling based in Großmehring, Germany, in February 2017; the magnetic cylinder business of NELA Brüder Neumeister, in May 2016; and MLC, a Brazil-based maker of rotary tooling, in October 2015.
“Sentinel has been an excellent partner,” said RotoMetrics CEO Bob Spiller. “We have accomplished a number of key initiatives together, including global expansion, repositioning our European operations, and driving organic and acquisition growth. Sentinel’s support and long-term perspective helped us immensely and contributed meaningfully to successfully positioning RotoMetrics for long-term, sustainable growth.”
Sentinel Capital Partners invests in management buyouts, recapitalizations, corporate divestitures, and going-private transactions of businesses with EBITDAs up to $65 million. Sentinel targets eight industry sectors: aerospace & defense, business services, consumer, distribution, food & restaurants, franchising, healthcare, and industrials. The firm is headquartered in New York (www.sentinelpartners.com).
In January 2018, Sentinel held a first and final closing of Sentinel Capital Partners VI LP with $2.1 billion of capital and Sentinel Junior Capital I LP with $460 million of capital. The junior capital fund primarily serves as a mezzanine financing source for new Sentinel platform companies. Sentinel’s earlier fund, Sentinel Capital Partners V LP, closed in July 2013 with $1.3 billion of committed capital.
© 2018 Private Equity Professional | June 5, 2018