Deal Details
Robertshaw Completes $580 Million Recapitalization
Summary
Robertshaw Controls Company (“Robertshaw” or the “Company”), an affiliated portfolio company of Sun Capital Partners, Inc. (“Sun Capital”), recently completed the offering of a $470,000,000 1st Lien Term Loan and a $110,000,000 2nd Lien Term Loan. Proceeds from the offering were used to refinance the Company’s existing debt and fund a shareholder distribution.
Baird served as a co-manager on this transaction.
About
Robertshaw is a global leader in thermal, flow and control management products and solutions for residential and commercial appliances, HVAC and transportation applications. The Company designs and manufactures mission-critical electro-mechanical solutions, mechanical combustion systems and electronic controls that ensure safe, reliable and efficient performance for OEM products. Robertshaw was founded in 1899 and is headquartered in Itasca, Illinois.Sun Capital Partners, Inc. is a global private equity firm focused on identifying companies’ untapped potential and leveraging its deep operational and financial resources to transform results. Sun Capital is a trusted partner that is recognized for its investment and operational experience, including particular expertise in the consumer products and services, food and beverage, industrial, packaging, chemicals, building products, automotive, restaurant and retail sectors. Since 1995, Sun Capital has invested in more than 345 companies worldwide with revenues in excess of $45 billion across a broad range of industries and transaction structures. Sun Capital is headquartered in Boca Raton, Florida, with offices in Los Angeles and New York and affiliates in London, Frankfurt and Shenzhen.
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- Date
- August 2017
- Company
- Robertshaw Controls Company
- Transaction
- Private Capital Markets
- Sectors
- Industrial
- Verticals
-
Thermal Technologies
Flow, Motion and Power Technologies
- Target Geography
- North America
- Acquiror Geography
- North America
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