Rock Hill News & Portfolio News
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Rock Hill Capital Announces Portfolio Company Add-On Acquisition
HOUSTON, TX – December 1, 2015 – Rock Hill Capital Group (“Rock Hill”), is pleased to announce that its portfolio company, Tideland Signal Corporation (“Tideland” or the “Company”) has acquired IMT B.V. Group of Companies (“IMT”).
IMT is well known for developing innovative lighting, navigation and signalization products and systems with clients ranging from offshore wind farms and oil and gas companies to marine, construction and governmental organizations. The product range is valued for its suitability for demanding and critical application areas and is designed to withstand the harshest of marine environments. By acquiring IMT, Tideland expands its product portfolio with:
- Helideck and Circle-H Signalization and Lighting Control Systems
- Aids to Marine Navigation
- Offshore Platform Signalization
- Obstruction Warning Lighting
- Offshore Wind Farm Lighting and Signalization
In operation for over 30 years, IMT operates globally with headquarters in The Netherlands and subsidiaries in Singapore, the UK and Germany. IMT has a long track record of continuously developing new lighting solutions, underscored most recently with the company’s leading Circle-H solution that addresses the requirements of helideck safety.
The Tideland and IMT product ranges are highly complementary, and together they comprise the broadest Aids to Navigation (“AtoN”) solutions portfolio in the industry.
“We welcome IMT to the global Tideland team. The combination of our people, products and presence worldwide makes for a powerful combination and helps us deliver even more benefits to our customers as we solve their navigation and signaling challenges,” said Matt Scheuing, Tideland’s CEO.
Randall B. Hale, Founder and Managing Director of Rock Hill stated, “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.”
Founded in 1954, Tideland Signal delivers world leading Aids to Navigation solutions, products, services and customer care, with innovation, safety and compliance at the core of our mission. This mission is accomplished with offices in the USA, UK, Singapore, Dubai and Canada. Tideland’s customer base includes Coast Guards, Navies, ports and harbours, offshore oil and gas companies, and marine authorities.
About Rock Hill Capital
Founded in 2008, Rock Hill Capital Group, LLC is a private equity firm that targets investments in the growing middle to lower middle market with enterprise values up to $75 million. Rock Hill seeks to assist successful entrepreneurial companies located in the southern United States to continue to grow and expand their business.
Other current portfolio companies include SouthWaste Services Holdings, LLC, Applied Global Technologies, Inc., Alpha Technical Services Corporation LLC, Diversified Well Logging, LLC, Big Lake Services, Core International, LLC, Duracoatings Holdings, LLC, Park Energy Services, Rail Service & Logistics, LLC, and JPH Holdings, LLC.