Here's the Deal
 

Baird's Investment Banking Group is pleased to announce the following transaction:

July 2012


LTI Boyd
Sale to Snow Phipps Group


Baird served as the lead financial advisor to LTI Boyd


LTI Holdings, Inc. (“LTI Boyd” or the “Company”), a portfolio company of Sentinel Capital Partners (“Sentinel”), recently completed the sale of the Company to Snow Phipps Group (“Snow Phipps”). Terms of the transaction were not disclosed.

LTI Boyd is a leading global manufacturer and supplier of high performance, custom engineered components for large, multinational OEMs across diverse end markets. The Company primarily offers highly specialized, high precision converted and extruded solutions for gasket, sealing system, insulation and damping/impact protection applications in the heavy truck, recreational vehicle, enterprise electronics, off-highway, aerospace and consumer electronics markets. LTI Boyd is headquartered in Modesto, California, with six domestic manufacturing facilities and a manufacturing facility in Shenzhen, China. Notably, Baird served as exclusive financial advisor to Boyd Corp. in its merger with LTI Flexible Holdings, which formed LTI Boyd in July 2011.

Sentinel Capital Partners specializes in buying and building lower middle market companies in the United States and Canada in partnership with management. Sentinel targets eight industry sectors — aerospace/defense, business services, consumer, distribution, food/restaurants, franchising, healthcare, and industrials. Sentinel invests in established businesses with EBITDA between $7 million and $35 million. The firm was founded in 1995 and is based in New York, New York.

Snow Phipps Group, with $1.5 billion in assets under management, specializes in investing in middle market companies. Snow Phipps seeks to acquire and build businesses in attractive industries where it can leverage the expertise of its exclusive Operating Partners, who are industry executives. Snow Phipps targets companies primarily located in North America with enterprise values ranging from $100 million to $500 million. The firm was founded in 2005 and is based in New York, New York.

For additional information about this transaction, please contact:
Managing Director, Co-Head of Global Mergers & Acquisitions
(704) 553-6611

Managing Director, Head of Financial Sponsors Group
(312) 609-4913

Director
(312) 609-5490
Vice President
(414) 298-7408
Managing Director
+44 (0) 207 667 8370
Managing Director, Head of Asia Investment Banking
+86 (21) 618 209 80

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