Company Website:
http://www.rockhillcap.com/
HOUSTON -- (Business Wire)
Rock Hill Capital Group (“Rock Hill”) today announced that it has
finalized the sale of Tideland Signal Corporation (“Tideland”) to Xylem
Inc. (NYSE: XYL), a global leader in the design, manufacturing and
application of highly engineered technologies for the water industry.
Founded in 1954, Tideland Signal delivers world leading aids to
navigation solutions, products, services and customer care to a variety
of ports and harbors, offshore energy companies, and coastal and marine
authorities. Rock Hill recapitalized Tideland in June 2012 and has
worked with management since that time to enhance Tideland’s global
product and solutions portfolio, shed under-performing operations,
expand the Company’s global footprint and execute on strategic
acquisitions opportunities, among other initiatives.
“Working with Matt and his leadership team has been a pleasure, and we
believe Xylem is an excellent partner to continue to grow and expand
Tideland’s products and solutions capabilities around the world,” said
Randall B. Hale, Founder and Managing Director of Rock Hill.
“Rock Hill was a great partner for Tideland and was instrumental in
helping us reach this critical point in the company’s history. We are
excited about the possibilities for accelerated growth with the added
scope and scale of Xylem. Our customers will benefit as we combine
Tideland’s expertise in bringing together complex marine and offshore
solutions with Xylem’s deep analytics and sensor applications,” stated
Matt Scheuing, Tideland’s CEO.
About Rock Hill Capital
Rock Hill Capital, founded in 2007 and headquartered in Houston,
Texas, is a private equity firm that invests in small-to-lower middle
market companies located in the South and Southeast U.S. with enterprise
values of up to $60 million. Rock Hill focuses on industrial product and
service companies. Take a deeper look at Rock Hill Capital and what
makes our investments so successful by visiting www.rockhillcap.com.
About Xylem
Xylem (XYL) is a leading global water technology provider, enabling
customers to transport, treat, test and efficiently use water in public
utility, residential and commercial building services, industrial and
agricultural settings. The company does business in more than 150
countries through a number of market-leading product brands, and its
people bring broad applications expertise with a strong focus on finding
local solutions to the world’s most challenging water and wastewater
problems. Xylem is headquartered in Rye Brook, New York, with 2015
revenue of $3.7 billion and approximately 12,500 employees worldwide.
Xylem was named to the Dow Jones Sustainability Index, North America for
the last four years for advancing sustainable business practices and
solutions worldwide, and the Company has satisfied the requirements to
be a constituent of the FTSE4Good Index Series each year since 2013.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160205005165/en/
Contacts:
Rock Hill Capital Group
Stacey Wells, 713-715-7516
swells@rockhillcap.com
Source: Rock Hill Capital Group
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