CFI advised IMT on its sale to Tideland Signal Corporation, a portfolio company of Rock Hill Capital
Amsterdam – CFI acted as the exclusive corporate finance advisor to IMT on its sale to by Tideland Signal Corporation, a portfolio company of Rock Hill Capital.
IMT is well known for developing innovative lighting, navigation and signalization products and systems with clients ranging from offshore to marine, construction and governmental organizations. In operation for over 30 years, IMT operates globally with headquarters in The Netherlands and subsidiaries in Singapore, the UK and Germany. IMT has a long track record of continuously developing new lighting solutions, underscored with the company’s leading Circle-H solution that addresses the requirements of helideck safety.
Founded in 1954, Tideland Signal Corporation (Tideland) delivers world leading aids to navigation solutions, products, services and customer care, with innovation, safety and compliance at the core of its mission. This mission is accomplished with offices in the USA, UK, Singapore, Dubai and Canada. Tideland’s customer base includes Coast Guards, Navies, Ports and Harbours, Offshore Oil and Gas companies, and marine authorities. Tideland is a portfolio company of Rock Hill Capital Group since 2012.
By acquiring IMT, Tideland expands its product portfolio with helideck and Circle-H signalization and Lighting Control Systems; aids to marine navigation; offshore platform signalization; obstruction warning lighting; offshore wind farm lighting and signalization. “The transaction marks a new era for IMT”, said Raynaud Mignot, IMT’s CEO. “Becoming part of Tideland will give us a stable environment for future growth and allows us to continue our tradition of leading and innovating, with our products becoming available to a larger market.”
CFI worked closely with all stakeholders of IMT to run a highly efficient transaction process. CFI facilitated the M&A process and was in the lead with discussions and negotiations between the shareholders of IMT and Tideland, which ultimately resulted in a successful transaction closed on 30 November 2015.
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IMT, a developer of offshore navigation lighting systems, has been sold to Tideland Signal Corporation, a portfolio company of Rock Hill Capital
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