HIG Capital adds Stant Corp. to Portfolio
Vapor and fluid control components company poised for international expansion.
June 19, 2008
HIG Capital, a private equity firm, bought Stant Corp. from Tomkins PLC, a listed UK-based firm, it was announced Thursday. Terms of the deal were not disclosed.
Stant Corp. manufactures vapor and fluid control components, and has done so for more than a century. Its products serve engines’ fuel and cooling systems, including thermostats, thermostat housing subassemblies and radio caps.
“The management team has done an excellent job of tailoring complex, patented, customized solutions for its global customers, and we plan to continue to support their efforts,” said HIG Capital managing director Charles Hanemann.
HIG Capital’s investments include those in sectors of aerospace, technology and transportation, distribution, business services, consumer products, media, healthcare and oil and gas industries.
“We look forward to our new partnership with HIG, who is committed to our strategy to continue to serve our automotive, industrial and retail customers and continue our growth in both new products including carbon canisters and filler pipes, and international expansion into markets including China, India and South America," said Marlon Bailey, Stant's president and chief executive officer. Stant Corp. also has existing operations in the U.S., Mexico, the Czech Republic and China.
For more information on related topics, visit the following:
