H.I.G. Capital, LLC recently announced that its affiliate has acquired Stant Corporation from Tomkins PLC, a publicly traded UK Company.
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H.I.G. Capital, LLC recently announced that its affiliate has acquired Stant Corporation from Tomkins PLC, a publicly traded UK Company.
Transaction terms were not disclosed. Stant makes highly engineered vapor and fluid control components and has a 108-year history of making fuel systems (including fuel caps, fuel vapor control valves and evaporative canisters to meet increasingly stringent domestic and international evaporative emission standards) and cooling systems (hermostats, thermostat housing subassemblies and radiator caps), as well as more than 1,000 employees and operates six global manufacturing facilities.
Charles Hanemann, a Managing Director of H.I.G. Capital, says, "Stant has a long track record of distinguishing itself in the niche categories of vapor control and cooling systems. The management team has done an excellent job of tailoring complex, patented, customized solutions for its global customers, and we plan to continue to support their efforts. We feel the company will continue to grow through both new products and geographic expansion over the coming years."
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