Lincoln International Represents Tritex Corporation and G.L. Ohrstrom & Co., Inc. in the Sale of Tritex to Harbour Group
CHICAGO, April 23, 2007 - Lincoln International, a leading mid-market investment bank, today announced that Tritex Corporation ("Tritex"), holding company ("HLM") and Haydon Motion Europe S.A.R.L. ("HME") (collectively referred to as "Haydon"), has been acquired by Harbour Group ("Harbour"), a private equity investment firm headquartered in St. Louis, Missouri. Haydon, a leading designer and manufacturer of high-quality fractional horsepower linear actuators, lead screw assemblies, rotary stepper motors and hermetically sealed switches for niche market applications, was a portfolio company of G.L. Ohrstrom & Co., Inc. ("G.L. Ohrstrom"), a private equity investment firm headquartered in New York, New York. The terms of this transaction were not disclosed.
Bernard Dubois, Tritex's CEO, stated: "The entire Tritex and Haydon family welcomes the opportunity to join forces with our new partners at Harbour. We have enjoyed our long and fruitful relationship with G.L. Ohrstrom, who has provided over 20 years of support and guidance to the company. The rest of the Tritex and Haydon management team and I look forward to continuing our roles with the company and being part of this exciting transaction."
The sale of Tritex marks the second time Lincoln International has successfully completed a sale on behalf of G.L. Ohrstrom, having managed the sale of Flexi-Mat Corporation in 2003.
"Having worked with Lincoln International in the past, we know that they run a good process and have an extensive network within the industrial manufacturing space," said Don Calder, president of G.L. Ohrstrom. "We were confident "
About Tritex Corporation
Tritex Corporation is the holding company for three wholly owned operating subsidiaries: Haydon Switch & Instrument, Inc., Haydon Linear Motors Co. Ltd., and Haydon Motion Europe S.A.R.L., together a leading designer and manufacturer of high-quality fractional horsepower linear actuators, lead screw assemblies, rotary stepper motors and hermetically sealed switches for niche market applications. With its subsidiary operations dating back to 1951, Haydon, headquartered in Waterbury, Connecticut, has developed an industry-leading brand name by distinguishing itself in the marketplace with its technical innovation, versatility, product durability, and dedicated customer service. Further information about Haydon and its product portfolio is available on its website at www.hsi-inc.com.
About G.L. Ohrstrom & Co., Inc.
Based in New York City, G.L. Ohrstrom is an investment firm founded in 1926 that exclusively focuses on making private equity investments in companies that manufacture a wide range of engineered products serving the industrial, energy, aerospace, medical and consumer markets. The firm assists management teams in their plans for growth and business development through its commitment as a long-term financial partner. G.L. Ohrstroms successful approach to long-term private equity investing is demonstrated through examples such as Tritex, Roper Industries, Inc. (NYSE: ROP), Dover Corporation (NYSE: DOV) and Carlisle Companies Incorporated (NYSE: CSL). Further information about G.L. Ohrstrom and its portfolio companies is available on its website at www.glohrstrom.com.
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