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Morgenthaler Private Equity sells RotoMetrics to Sentinel Capital

Morgenthaler Private Equity has sold RotoMetrics, which makes precision rotary tooling and related accessories for converting and printing industries, to Sentinel Capital Partners. Terms of the deal were not disclosed.

Press Release

Morgenthaler Private Equity (“MPE”), the Cleveland and Boston-based private equity team focused on lower middle market buyouts, announced today that it has sold RotoMetrics (“RotoMetrics” or the “Company”), a global technology leader and manufacturer of precision rotary tooling and related accessories for the converting and printing industries, to Sentinel Capital Partners (“Sentinel”). Terms of the transaction were not disclosed.

John Lutsi, Partner at MPE, said, “In partnership with management, we implemented many growth and operational improvement initiatives, including investing in flexible die technology, expanding RotoMetrics’ global manufacturing presence in Europe and Asia, re-aligning the global organizational structure, and adding to the strength of the management team.

Joe Machado, Partner at MPE added the following, “It has been a true pleasure to partner with the RotoMetrics management team over the past six years. Although the Company has achieved many successes to date, RotoMetrics is still in the early stages of exploiting its full potential.”

Bob Spiller, CEO of RotoMetrics, remarked, “I personally want to thank MPE for its remarkable partnership and strategic advice over the years. We look forward to continuing to enhance our global manufacturing, sales, and service capabilities to deliver exceptional solutions for our customers.”

Joe Machado, John Lutsi, Karen Tuleta, and Matt Keshian led the transaction for MPE. Baker Hostetler LLP served as legal advisor to MPE and Lincoln International served as MPE’s exclusive financial advisor.

About RotoMetrics

Headquartered near Saint Louis, Missouri, RotoMetrics is a leading global producer of precision solid and flexible dies as well as related accessory and aftermarket products for the consumer label and packaging industry. The Company produces a wide variety of highly engineered, customized rotary tooling products used to perform precision cutting or to create folds in various material substrates. RotoMetrics operates 11 facilities in 9 countries, including manufacturing facilities in Missouri, Virginia, the UK, Denmark, Australia, and Thailand.

About Morgenthaler Private Equity

Morgenthaler Private Equity (“MPE”) is the private equity group of Morgenthaler. Based in Cleveland, Ohio, and Boston, Massachusetts, MPE focuses on the lower middle market with transaction values up to $150 million and EBITDA between $5 – $20 million. MPE has two primary target investment areas: high-value manufacturing and proprietary business services. Morgenthaler is a leading, national private equity and venture capital firm, with approximately $3 billion under management and investments in more than 300 companies over its 46-year history. For more information on Morgenthaler’s private equity group, please visit: http://www.morgenthaler.com/private-equity/.

SOURCE Morgenthaler Private Equity