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Hamilton Robinson LLC Announces Sale of Magnatech International
Stamford, Connecticut - May 23, 2008 – Hamilton Robinson LLC is pleased to announce the sale of its portfolio company Magnatech International, Inc. to G.L. Ohrstrom & Co., Inc. and management. Magnatech is the global leader in the design, manufacture and supply of braiding, spiral winding, bobbin winding and wrapping equipment and replacement parts for the reinforced hose marketplace. Hamilton Robinson LLC acquired the business in April 2006 in partnership with co-investors Altus Capital Partners SBIC Partners, L.P., Babson Capital Management and management investors.
The transaction demonstrated the durability of Hamilton Robinson’s value creation investment strategy. During Hamilton Robinson’s ownership period of approximately two years, earnings grew in excess of 40% as the company continued to expand international sales of equipment and parts to both existing and new customers.
Houlihan Lokey acted as exclusive financial advisor to Magnatech in connection with the transaction.
About Hamilton Robinson LLC
Hamilton Robinson is a private equity firm that specializes in serving small to medium sized companies seeking equity capital for management buyouts, corporate growth and recapitalizations. Since 1984, the firm and its principals have organized and managed investments involving over 40 companies, representing over $1 billion of value. To learn more, visit www.hrco.com.
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