HEARTWOOD PARTNERS INVESTS IN ROYAL PRODUCTS TO SUPPORT GROWTH

NORWALK, Connecticut, September 16, 2024 /PRNewswire/ — Heartwood Partners is pleased to announce a growth investment in Royal Products (“Royal” or the “Company”) April 12, 2024in collaboration with the management team that will continue to lead the Company.

Company headquarters: Hauppauge, New YorkRoyal Products is a leading manufacturer and distributor of premium branded metalworking accessories. For over 75 years, manufacturers have trusted Royal Products to optimize the performance, productivity and profitability of their computer numerically controlled (“CNC”) machine tools. Visit the Royal Products website at www.royalproducts.com to learn more about the company’s history and product offerings.

“We are pleased to announce our partnership with Heartwood Partners and begin an exciting new chapter in Royal’s growth. Heartwood and our management team are fully committed to preserving the exceptional customer service and distinctive family values ​​that distinguish Royal in our industry. We are confident that Heartwood’s commitment to maintaining a strong balance sheet and the resources it provides to support growth will position the Company for continued success,” he said. Tom SheridanGeneral Manager of Royal Products.

“We are excited to partner with Royal Products and its management team. Royal has built an incredibly strong foundation over its 75-year history through a commitment to best-in-class products and exceptional customer service,” he said. Demetrios DounisManaging Partner of Heartwood Partners. He added: “Royal is an ideal fit for our approach to partnering with management teams and our focus on growth through investment in people, processes and add-on acquisitions. We intend to drive future growth by leveraging the company’s established brand and market leadership to expand into new markets, both organically and through strategic add-on acquisitions.”

Heartwood Partners would like to recognize the investment banking team at Carl Marks Advisors for their efforts in closing this transaction and making this partnership possible. Lincoln International served as financial advisor to Heartwood Partners in this transaction.

Heartwood Partnersmiddle market private equity firm founded in 1982, is distinguished by its unique approach to low leverage, current cash profitability designed to create partnerships with ongoing management. Our approach combines a conservative capital structure with strategic execution to support long-term growth, including organic and acquisition-driven expansion into new products, services and end markets. In addition, we support each management team with our in-house value creation specialists who provide deep expertise in strategic areas such as e-commerce and digital marketing, human capital and organizational design, and IT improvement and acquisition integration. We currently manage more than $1.4 billion in investments and commitments, and our principals have invested in over 100 platform and add-on acquisitions. Heartwood currently invests with Heartwood Partners IV, LP and focuses on founder-owned, family-owned and management-led businesses serving niche markets in manufacturing, specialty chemicals, food, agriculture, packaging, and industrial and consumer services. For additional information about Heartwood, visit www.heartwoodpartners.com.

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Royal Products is a leading manufacturer of precision metalworking accessories. Headquartered in Hauppauge, New YorkRoyal Products has been trusted by manufacturers since 1946 to optimize machine tool performance, productivity and profitability. Royal offers a wide range of premium branded products in workholding, mist collection, tooling and automation, and its products are sold through a select network of industrial distributors, machine tool distributors, machine tool manufacturers (OEMs), and online at the company’s website. For over 75 years, Royal has maintained a reputation for best-in-class quality, service and support, and the company proudly ships 97% of its orders the same day. For additional information about Royal Products, visit www.royalproducts.com.

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SOURCE Heartwood Partners