Investment Summary

Exits HDT Global

On January 7, 2004, invested in defense company HDT Global from RockWood Equity Partners for 90M

Investment Highlights
  • This is transaction in the Defense sector.
  • This is largest (disclosed) transaction.
  • This is transaction in the United States.
  • This is transaction in Ohio.
Investment Fate
  • HDT Global was sold to a consortium of financial buyers in 2007 for 335M USD.
  • HDT Global was sold to a consortium of financial buyers in 2014.
  • HDT Global was sold to a consortium of financial buyers in 2021.

Investment Summary

Date 2004-01-07
Target HDT Global
Sector Defense
Sellers(s) RockWood Equity Partners
Deal Type Secondary Sale
Deal Value 90M

Target

HDT Global

Solon, Ohio, United States
website
HDT Global is a provider of highly engineered solutions for branches of the US military, international governments, and commercial customers. HDT holds a portfolio of products aimed at creating and controlling environmental conditions to protect and optimize the functioning of critical equipment and personnel. Its innovative products include rapidly deployable shelters, sophisticated environmental control, and power equipment, and nuclear, biological, and chemical protection systems. HDT Global was founded in 1937 and is based in Solon, Ohio.

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Seller(S) 1

SELLER

RockWood Equity Partners

Beechwood, Ohio, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

RockWood Equity Partners is a private equity firm looking to acquire profitable lower-middle market North American companies generating sales of $10 to $75 million and EBITDA of $2 to $7 million. Target transaction types include management buyouts, recapitalizations, growth equity financings, and divestitures. Sectors of interest include aerospace, defense, healthcare, industrials/industrial technology, and business services. RockWood Equity Partners was formed in 1999 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 3 of 19
Sector (Defense) 1 of 2
Type (Secondary Sale) 1 of 1
State (Ohio) 2 of 2
Country (United States) 3 of 17
Year (2004) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-07 TenPoint Crossbow Technologies

Mogadore, Ohio, United States

TenPoint Crossbow Technologies is a manufacturer of specialized heaters, air filtration products and other products focused on the military and commercial truck end markets. TenPoint Crossbow Technologies is based in Mogadore, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-04 Global Thermoelectric

Calgary, Alberta, Canada

Global Thermoelectric is a designer and manufacturer of thermoelectric generators ("TEG"), and has been engaged in the development and sale of niche power generation products for more than 25 years.

Buy $23M