Investment Summary

Heartwood Partners Invests In Royal Products

On September 16, 2024, private equity firm Heartwood Partners invested in manufacturer Royal Products

Investment Highlights
  • This is Heartwood Partners’ 8th transaction in the Manufacturing sector.
  • This is Heartwood Partners’ 29th transaction in the United States.
  • This is Heartwood Partners’ 1st transaction in New York.

Investment Summary

Date 2024-09-16
Target Royal Products
Sector Manufacturing
Investor(s) Heartwood Partners
Deal Type Growth Capital

Target

Royal Products

Hauppauge, New York, United States
Royal Products manufactures and distributes branded metalworking performance accessories. The company optimizes the performance, productivity, and profitability of computer numerical control (“CNC”) machine tools. Royal Products is based in Hauppauge, New York.

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Investor(S) 1

Investor

Heartwood Partners

Norwalk, Connecticut, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Heartwood Partners is a private equity firm focused on partnerships with middle-market companies across the US. The Firm prefers to invest in family owned and managed companies where it can leverage strategic resources for long-term growth. Target companies are typically profitable with $5 to $30 million of EBITDA with up to $400 million in revenue. Sectors of interest include agriculture, automotive, consumer products, distribution, food, industrial services, niche manufacturing, packaging, and chemicals. Heartwood Partners was formed in 1982 and is headquartered in Norwalk, Connecticut.


DEAL STATS #
Overall 29 of 30
Sector (Manufacturing) 8 of 8
Type (Growth Capital) 12 of 12
State (New York) 1 of 1
Country (United States) 29 of 30
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-20 High Bar Brands

Owatonna, Minnesota, United States

High Bar Brands is a manufacturer and distributor of branded heavy-duty truck aftermarket accessories. Its products include fenders, brackets, floor mats, seats and several other product lines in and on the truck. High Bar Brands prides itself on its ability to leverage numerous marketing activities to reach end users, grow brand awareness and drive sales growth through their extensive distributor network. High Bar Brands was founded in 1984 and is based in Owatonna, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-25 UW Solutions

Jeffersontown, Kentucky, United States

UW Solutions is vertically integrated manufacturer of high-performance coated substrates, differentiated by its proprietary formulations and coating application processes. The Company serves a broad range of customers in attractive end markets, including building products for distribution centers and manufacturing facilities, as well as premium products for the graphic arts market. UW Solutions is based in Jeffersontown, Kentucky.

Sell $240M