Investment Summary

Heartwood Partners Invests In Sur-Seal

On June 12, 2018, private equity firm Heartwood Partners invested in engineering company Sur-Seal

Investment Highlights
  • This is Heartwood Partners’ 1st transaction in the Engineering sector.
  • This is Heartwood Partners’ 19th transaction in the United States.
  • This is Heartwood Partners’ 3rd transaction in Ohio.

Investment Summary
Date 2018-06-12
Target Sur-Seal
Sector Engineering
Investor(s) Heartwood Partners
Deal Type Growth Capital
Advisor(s) Amherst Partners (Financial)

Target

Sur-Seal

Cincinnati, Ohio, United States
Sur-Seal is a provider of custom-designed sealing solutions along with related components and assemblies. Its products are used in critical applications by OEMs in the lighting, heating and cooling, medical, and various industrial end-markets. Sur-Seal prides itself on partnering with customers to provide engineering support, rapid prototype development, and outstanding quality and customer service. Sur-Seal was founded in 1965 and is based in Cincinnati, Ohio.

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Investor(S) 1

Investor

Heartwood Partners

Norwalk, Connecticut, United States

Investor 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 19 of 29
Sector (Engineering) 1 of 2
Type (Growth Capital) 3 of 11
State (Ohio) 3 of 3
Country (United States) 19 of 29
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-02 ChromaScape

Twinsburg, Ohio, United States

ChromaScape is a producer of dispersions and additives serving landscaping, building materials, graphic arts, and food markets through its four business units: Amerimulch, Solution Dispersions, ChromaPave and Innotech. ChromaScape was founded in 1998 and is based in Twinsburg, Ohio.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 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.

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