Royal Power Solutions, which is backed by Industrial Growth Partners, has acquired East Dundee, Illinois-based Horizon Die Company, a metal stamping service. No financial terms were disclosed.
San Francisco, CA – Royal Power Solutions, a leading supplier of critical, high-precision electrical connectivity components for global automotive and industrial applications, has acquired Horizon Die Company (“Horizon”), based in East Dundee, IL. Royal, headquartered in Carol Stream, IL, was acquired by Industrial Growth Partners in April 2017.
With the addition of Horizon, Royal will strengthen its leading market position in electrical power and signal distribution components through a broader range of technical parts and tooling capabilities for its customer base. Horizon’s products include blade terminals, bandolier and compliant pins, crimp connectors, and engineered fasteners that are primarily used to transmit electrical signals for a wide range of end markets, including automotive, consumer, medical, and aerospace, among others.
“The addition of Horizon allows us to add a well-respected, high-quality producer to the Royal family that directly aligns with our long-term strategy,” said Randy Ross, CEO of Royal. “We look forward to working with the Horizon team, including founders Dan and Pete Badovinac, to become a more valuable partner to our customers through a broader product offering, additional technical capabilities, and increased tooling expertise.”
“We are excited about becoming a part of the Royal family. The similar customer-focused cultures of both Horizon and Royal make this partnership a natural fit,” said Dan Badovinac, President and co-founder of Horizon. “We are confident this partnership will be mutually beneficial to both Horizon and Royal customers and employees, alike.”
Acquisition Details – On July 2, 2018, Royal acquired Horizon in partnership with management. Royal and IGP continue to seek add-on acquisitions that can enhance Royal’s position as the global leader in critical, high-precision electrical connectivity components. To learn more about Royal, please visit www.royaldie.com.
IGP, founded in 1997, is a San Francisco-based private equity investment firm with $2.2 billion of equity capital raised since inception. The firm invests exclusively in middle-market companies in the industrial and industrial services sector in partnership with management teams.
For more information, please contact Dave DiFranco and John Parent at 415-882-4550 or go to igpequity.com.