Sale to Boyd Corporation

Industrial
Sale to Boyd Corporation

Summary

Baird served as financial advisor to Action Acquisition Holding, Inc. on this transaction

About

Action Acquisition Holding, Inc. (“Action”), a portfolio company of River Associates Investments, LLC (“River Associates” or the “Firm”), was recently acquired by Boyd Corporation (“Boyd”), a portfolio company of Genstar Capital, LLC (“Genstar”). Terms of the transaction were not disclosed.

Founded in 1983, and with operations in Michigan, Tennessee and Texas, Action is one of the leading flexible materials solutions companies in the United States, providing clients with cost-effective, value-added custom solutions to meet their specific application needs. Converting tapes and other adhesive backed foams, plastics and specialty materials, Action serves clients in diverse markets including the automotive, medical, electronics, appliance, display security, and furniture industries. Action is headquartered in Grand Rapids, Michigan.

River Associates is a private equity firm that focuses exclusively on investing in the lower middle market and has partnered closely with management teams for over 25 years. Target businesses can be privately held, private equity-backed or divestitures from larger companies. River Associates is opportunistic as to industry and has invested in numerous manufacturers, high margin distributors, industrial service, business service and select non-faddish retail. The Firm is currently investing its 7th committed fund and seeks to make investments in companies with $30 million to $150 million in revenues throughout the United States and Canada. Since its founding in 1989, River Associates has initiated 84 transactions, many of which have been strategic add-on acquisitions to platform companies. River Associates is headquartered in Chattanooga, Tennessee.

Boyd Corporation is a global provider of thermal management and environmental sealing solutions critical to products that keep the world running. Boyd operates in markets around the world with specific expertise in engineering and design, manufacturing and supply chain management and commits to proactive customer satisfaction across electronics, mobile computing, medical technology, transportation, aerospace and other B2B and consumer-critical industries. Boyd Corporation is headquartered in Pleasanton, California.

Genstar Capital is a leading private equity firm that has been actively investing in high quality companies for more than 25 years. Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar manages funds with total capital commitments of approximately $9 billion and targets investments focused on targeted segments of the industrial technology, healthcare, financial services and software industries. Genstar is headquartered in San Francisco, California.
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Industrial
Sale to Boyd Corporation
Date
March 2018
Company
Action Acquisition Holding, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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