Metalworking Supplier Royal Products Nets Investment

Privately held mid-market investment firm Heartwood Partners has invested in Hauppauge, N.Y.-based Royal Products, a manufacturer and distributor of metalworking accessories.

The terms of the transaction were not disclosed.

“Heartwood and our management team are fully committed to preserving the exceptional customer service and distinctive family business values ​​that distinguish Royal in our industry,” said Tom Sheridan, CEO of Royal Products, in a Sept. 16 press release.

The investment was completed on 12 April in cooperation with the management team, which will continue to oversee the company.

“Royal has built an incredibly strong foundation over its 75-year history with a commitment to best-in-class products and exceptional customer service,” said Demetrios Dounis, Managing Director of Heartwood Partners. “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.”