A leading manufacturer of engineered vapor and fluid control components for OEMs and the aftermarket, Stant Corporation was purchased by H.I.G. Capital.
Headquartered in Connersville, Ind., Stant has a 108-year history of creating components that address fuel systems — including fuel caps, fuel vapor control valves and evaporative canisters — and cooling systems, including thermostats, thermostat housing subassemblies and radiator caps, among parts.
"We are excited to partner with H.I.G. Capital, which has a strong track record of helping businesses like ours grow both organically and strategically,” says Marlon Bailey, Stant’s president and CEO. “We look forward to our new partnership with H.I.G., 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."
Employing more than 1,000 employees in six global manufacturing facilities, Stant is the most recent acquisition for H.I.G., which owns companies whose combined revenues are in excess of $7 billion. For more information, visit H.I.G. online. |
