NEW YORK (Aug. 2, 2011)—LTI Flexible Products, a portfolio company of private equity firm Sentinel Capital Partners, has acquired Boyd Corp. for an undisclosed amount.
Sentinel said the combined companies have been renamed LTI Boyd and is headquartered in Modesto, Calif. The private equity firm, which specializes in middle market companies, said LTI Boyd will be a “leading global provider of custom fabricated gaskets and sealing systems serving blue-chip OEMs across a diverse range of end markets.”
Boyd designs and makes sealing and energy management products for OEMs serving the electronics, heavy truck, aerospace and medical markets. The firm focuses on seals and gaskets that provide electromagnetic, acoustical and electrical shielding and thermal insulation.
LTIR produces extruded, die-cut and molded flexible rubber and plastic sealing systems and related components. Its markets include recreational vehicles, heavy trucks, and agriculture and construction equipment.
Boyd CEO Mitch Aiello now serves as CEO of LTI Boyd. He said the “highly complementary products, end markets and geographic locations of LTI and Boyd offer a compelling rationale for combining the two companies.”