Forest Hill Partners Successfully Transfers Micromatic LLC

Forest Hill Partners Completes Micromatic LLC Sale

Forest Hill Partners LLC (FHP), a private equity firm based in Chicago, has made headlines by completing the sale of Micromatic LLC to MITAR Private Capital. While financial terms of the transaction remain private, the move signifies a successful transition for Micromatic, a notable player in the manufacturing sphere.

Micromatic LLC: A Leading Manufacturer

Micromatic LLC is a distinguished developer, manufacturer, and distributor of rotary vane actuators, waste tippers, and automation assembly systems. This organization has established itself as a critical solution provider to clients globally, addressing complex automation challenges effectively.

Growth and Development Over Time

Since its acquisition from Textron back in 2005, Forest Hill Partners has played a crucial role in fostering the growth of Micromatic. With strategic investments focused on refining sales techniques, bolstering management, and enhancing operational efficiency, Micromatic has seen tremendous growth under FHP's stewardship. Remarkably, Micromatic has managed to nearly triple its revenues and earnings during the time of their ownership.

Strategic Partnerships and Changes

John Carretta, Co-Founding Partner of Forest Hill Partners, highlighted the firm’s investment philosophy, which prioritizes fair value purchases, efficient operations, and a long-term perspective on revenue growth. Under this framework, FHP collaborated closely with Micromatic's management to accelerate growth, diversify revenue streams, and implement various strategic initiatives. Their close partnership has been pivotal in achieving the investment objectives, driving substantial returns for investors.

The Future of Micromatic LLC

With MITAR Private Capital now at the helm, the future looks promising for Micromatic LLC. The transition aims to continue the trajectory of growth and innovation that has characterized Micromatic's recent journey. By leveraging new leadership, Micromatic will likely further enhance its capabilities and extend its market reach.

About Forest Hill Partners LLC

Forest Hill Partners LLC is a private equity firm that encompasses a robust portfolio specializing in lower middle-market industrial sectors. The firm, headed by founders John Carretta and Michael Sullivan, seeks investments in manufacturing and distribution enterprises with annual revenues typically in the range of $5 million to $25 million. Their approach is collaborative, often partnering with family offices, mezzanine funds, private equity, industry executives, and affluent individuals to foster growth and profitability.

Contact Details and More Information

For inquiries, the media can reach out to Margaret Kirch Cohen and Richard Chimberg at Newton Park PR. The expectation is set for Micromatic to move forward under new ownership, continuing its legacy and operational excellence in the manufacturing domain.

Frequently Asked Questions

What companies were involved in the transaction?

The transaction involved Forest Hill Partners LLC, which sold Micromatic LLC to MITAR Private Capital.

What does Micromatic LLC specialize in?

Micromatic LLC specializes in developing, manufacturing, and distributing rotary vane actuators, waste tippers, and automation assembly systems.

How did Forest Hill Partners support Micromatic's growth?

Forest Hill Partners invested in sales and marketing strategies, strengthened management, and increased operational efficiencies to support Micromatic's growth.

What has been the impact of FHP’s ownership on Micromatic?

Under FHP’s ownership, Micromatic nearly tripled its revenues and earnings over 19 years, showcasing significant growth.

What is the focus of Forest Hill Partners LLC?

Forest Hill Partners LLC focuses on investing in and growing lower middle-market industrial businesses, particularly in manufacturing and value-added distribution.

About The Author

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