Industrials

LTI Boyd

Status
Exited
Location
Modesto, CA
Investment Type
Private Equity

LTI Boyd is the leading global designer, manufacturer, and distributor of engineered, high-performance components for market-leading OEMs. LTI Boyd manufactures extruded, die-cut, and molded flexible rubber and plastic components and sealing systems used in a wide variety of industries, including commercial and recreational vehicles, aerospace, agricultural and construction equipment, medical devices, filtration equipment, electronics, and industrial applications. LTI Boyd’s design expertise, material knowledge, global manufacturing footprint, and superior execution position it as a strong partner for its OEM customers. LTI Boyd is the market leader in a large and growing market that is highly fragmented, with significant opportunities for growth both organically and through acquisition.

Our investment in LTI Boyd began with Sentinel’s acquisition of LTI Flexible Products. With Sentinel as its partner, LTI grew by almost fivefold, organically and through three acquisitions, and its EBITDA nearly quadrupled. In 2012, LTI Boyd was sold to another private equity firm.