Private equity firm purchases sealant company
Sentinel Capital Partners, a private equity firm that targets industrial building products, has announced the acquisition of Boyd Corp. through its LTI Flexible Products portfolio.
Boyd is a designer and manufacturer of sealing and energy management solutions for blue-chip OEMs, primarily serving the electronics, heavy truck, aerospace and medical markets. Boyd focuses on seals and gaskets that provide electromagnetic, acoustical, and electrical shielding and thermal insulation.
LTI is a leading designer and manufacturer of extruded, die-cut, and molded flexible rubber and plastic sealing systems and related components. Its products are primarily used by OEMs of recreational vehicles, heavy trucks, and agriculture and construction equipment.
The combined company has been named LTI Boyd, and is headquartered in Modesto, Calif.
“The highly complementary products, end markets and geographic locations of LTI and Boyd offer a compelling rationale for combining the two companies,” said Boyd CEO Mitch Aiello, who now serves as CEO of LTI Boyd. “From a diversified, worldwide platform, we intend to leverage the synergies of the combined business and offer a one-stop solution to our expanded customer base.”
Sentinel’s Capital Partners specializes in management buyouts, purchases of family businesses, recapitalizations, corporate divestitures and going-private transactions of established businesses with EBITDA between $7 million and $35 million. In the industrial manufacturing sector, its current and previous investments include Chase Doors (specialty door systems); Chromalox (electric heating products); Engineered Controls International (regulators and valves for cryogenic gas containment); Alemite (lubrication equipment); Fasloc (roof support systems for underground mines); and Trussbilt (steel security products for prisons).
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Energy audit advice delivered at Sam’s Clubs in Pa.
A partnership between Pittsburgh-based remodeling company Legacy Remodeling and the Home Performance Network will arrange energy-audit consultations at Sam’s Club stores in Western Pennsylvania.
Consumers at area Sam’s Club stores will be able to talk to representatives from Legacy Remodeling about ways they can save on their energy bills and live a “greener” lifestyle by making energy-efficient improvements to their homes, according to the company. They can also register for complimentary home energy audits in which an expert will visit their home and present recommendations for saving energy.
The in-store events will take place throughout the year in what organizers describe as "a series of road shows."
The Home Performance Network (HPN) is a national organization that certifies home improvement companies in home energy efficiency and helps homeowners contain energy costs. Legacy Remodeling, Western Pennsylvania’s largest specialty remodeler, will aid homeowners by conducting energy audits and suggesting cost-effective solutions such as proper insulation and windows.
Readers Respond: Selling guns, preventing robberies
In yesterday’s HCN Monday, an article under the headline "Forty guns stolen from Georgia hardware store" raised the question: What are the gun seller’s responsibilities when it comes to preventing theft?
Here’s what we heard from our readers:
"After reading the article above, sounds like he did everything he could do. Alarm system that alerted police and a security camera to aid in their apprehension. I will bet you more guns are stolen from homes every day. What do they do to protect us?"
— John Stokes
"Their responsibility is immense.
“As an NRA member, gun collector, avid shooter and former store clerk/manager at a mass merchant retailer that sold guns here in Oregon, I am of the opinion that the rules should be something like what Bi-Mart stores had in place when I worked there some years ago. The procedures were fairly intense: Remove handguns from vault and inventory every morning before putting them on display — remove from display, inventory and put back in vault at end of every day. Rifles and shotguns were locked in special gun racks, and all trigger guards were woven with a security cable.
“The store was alarmed of course, and the vault was a secure room in the center of the store. It would have been difficult — not impossible — for any after-hours robbers of the store to get at the firearms in that room. During the day, the firearms display cases remained locked and the counter attended at all times by an employee.
"I can’t ever remember a gun being stolen. It was a simple matter of sensible mechanical security measures combined with employee vigilance.”
— Chris Clements
"All of [the store’s] goods were in a locked store with an alarm. The retailer has taken sufficient measures to secure the merchandise. Why should inanimate objects, capable of doing great bodily harm, in the hands of criminals, be treated differently than any other potentially dangerous product? Yes, I’m talking about hammers and carpet knives, here.
“Point made, I hope."
— Doug Klick
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