Sentinel exits industrial company LTI Boyd


Successful Exit of Leader in Engineered Components


NEW YORK, July 19, 2012 – Sentinel Capital Partners, a private equity firm that invests in promising, lower middle market companies, today announced the sale of LTI Boyd, a leading global manufacturer and supplier of high performance, custom engineered components for large, multinational OEMs. Terms of the transaction were not disclosed.

Based in Modesto, CA, LTI Boyd offers specialized solutions for gasket, sealing, insulation, and impact protection applications in the heavy truck, recreational vehicle, enterprise electronics, off-highway, aerospace, and consumer electronics markets.

During Sentinel's ownership, LTI Boyd’s revenue increased nearly five-fold through organic growth and the completion of three acquisitions.

"We are extremely pleased with LTI Boyd's performance," said John McCormack, Senior Partner at Sentinel. "We have been fortunate to partner with LTI Boyd’s talented management team and wish them continued success as they enter their next stage of growth."

"Sentinel was an ideal partner for our team," said Mitch Aiello, LTI Boyd's CEO. "Sentinel's support and help was a crucial component of LTI Boyd establishing its leading market position.

Robert W. Baird & Co., a Milwaukee, Wisconsin-based investment bank, advised LTI Boyd in the transaction. William Blair & Company, a Chicago, Illinois-based investment bank, served as co-advisor. Kirkland & Ellis LLP served as legal advisor to LTI Boyd.