Tideland Signal Corporation, a Houston, TX-based provider of marine aids-to-navigation systems worldwide, has closed on a majority recapitalization with private equity firm Rock Hill Capital Group.
The investment, which was made by Rock Hillās second fund Rock Hill Capital II, L.P., is designed to help Tideland continue the expansion of its product and service capabilities throughout the world.
Founded in 1954 and led by Allen Mitchener, President, the company is a large provider of a full suite of AtoN products and services including lanterns, buoys, radio aids, audible aids and related installation and repair services. Its products include rotationally molded polyethylene buoys, self-contained LED lanterns, conventional LED lanterns, range lights, fog signals, fog detectors, solar power systems, rotating beacons, Racons and customized remote monitoring systems. It has offices in the United States, Canada, Singapore, United Arab Emirates, China and the United Kingdom.
Customers include ports, national lighthouse authorities, coast guards, major offshore oil and gas companies, contractors, agents and resellers, serving the infrastructure and energy industries worldwide.
FinSMEs
12/07/2012