Forest Hill Partners Sells Micromatic LLC
Forest Hill Partners LLC (FHP), a private equity firm located in Chicago, has recently made headlines by completing its sale of Micromatic LLC to MITAR Private Capital. While the financial terms of this deal haven’t been disclosed, it marks a significant milestone for Micromatic, a key player in the manufacturing industry.
Micromatic LLC: An Industry Leader
Micromatic LLC stands out as a premier developer, manufacturer, and distributor of rotary vane actuators, waste tippers, and automation assembly systems. The company has built a solid reputation as a vital provider of solutions to clients around the world, effectively tackling complex automation challenges.
Growth and Progress Through the Years
Since acquiring Micromatic from Textron in 2005, Forest Hill Partners has been instrumental in the company’s growth. They focused on strategic investments aimed at refining sales methodologies, strengthening management, and boosting operational efficiencies. As a result, Micromatic has enjoyed remarkable growth, nearly tripling its revenues and earnings throughout FHP's ownership.
Partnership and Strategic Initiatives
John Carretta, Co-Founding Partner at Forest Hill Partners, emphasized the firm’s investment philosophy, which is built on acquiring assets at fair value, enhancing operational efficiency, and fostering long-term revenue growth. Within this framework, FHP worked hand-in-hand with Micromatic's management to accelerate growth, diversify income sources, and roll out various strategic initiatives. This close collaboration has been key to meeting investment goals and delivering solid returns for investors.
The Outlook for Micromatic LLC
Now that MITAR Private Capital is steering the ship, the outlook for Micromatic LLC is quite bright. This transition is designed to maintain the growth and innovation that has characterized Micromatic's recent evolution. With new leadership in place, the company is expected to enhance its capabilities and broaden its market reach even further.
About Forest Hill Partners LLC
Forest Hill Partners LLC is a private equity firm with a strong portfolio that focuses on the lower middle-market industrial sectors. Founded by John Carretta and Michael Sullivan, the firm typically invests in manufacturing and distribution firms that generate annual revenues between $5 million and $25 million. Their approach emphasizes collaboration, often teaming up with family offices, mezzanine funds, private equity, industry executives, and affluent investors to promote growth and profitability.
Contact Information
For inquiries, members of the media can contact Margaret Kirch Cohen and Richard Chimberg at Newton Park PR. With this new ownership, Micromatic is set to continue its journey, maintaining its legacy and operational excellence in the manufacturing sector.
Frequently Asked Questions
What companies were involved in the transaction?
The transaction involved Forest Hill Partners LLC selling 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.
