Genstar Capital has made an undisclosed investment in Boyd Corp. UBS Investment Bank was the financial advisor in the transaction. Based in Modesto, California, Boyd Corp is a provider of energy management and environmental sealing solutions.
SAN FRANCISCO, April 16, 2015 – Genstar Capital, a leading middle market private equity firm that focuses on investments in targeted segments of the industrial technology, healthcare, financial services, and software industries, today announced an investment in Boyd Corporation, a global provider of precision-engineered, specialty material-based energy management and environmental sealing solutions.
Headquartered in Modesto, CA, Boyd Corporation’s product offerings include a broad range of thermal management, environmental sealing, bonding, protecting, insulating, and other specialized customer solutions primarily serving the mobile computing, consumer and enterprise electronics, transportation, data storage, medical, and aerospace end markets. Boyd’s sealing solutions ensure the energy efficiency, durability, safety, and performance of numerous applications around the world.
Mitch Aiello, President and Chief Executive Officer of Boyd, said, “Genstar has a proven record of supporting and growing companies in the industrial sector and they share our belief in the continued long-term success of our company. Boyd has a strong position in a very large and highly fragmented market and we look forward to leveraging Genstar’s experience and additional capital to accelerate our plans for growth, both organically and through acquisitions. This transaction with Genstar is the best possible outcome for Boyd’s customers and employees.”
Rob Rutledge, Managing Director of Genstar, said, “Boyd delivers best-in-class solutions for customers to ensure the efficacy, durability, and functionality of many of the world’s most recognizable brands across a number of global industries. The management team, led by Mitch Aiello, has done an excellent job building the company into a leading player in its markets globally. Boyd’s stellar reputation is based on intense customer focus and precise execution and we are excited to support its continued growth and expansion.”
UBS Investment Bank served as financial advisor and Weil, Gotshal & Manges provided legal counsel to Genstar.
About Genstar Capital
Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for more than 20 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of operating executives and strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar manages funds with total capital commitments of over $3 billion and makes investments focused on targeted segments within the industrial technology, healthcare, financial services, and software industries.