LTI Boyd, Inc.

LTI Boyd, headquartered in Modesto, California, is the leading global designer, manufacturer, and distributor of engineered, high-performance components for market leading original equipment manufacturers. LTI Boyd manufactures extruded, die-cut, and molded flexible rubber and plastic components and sealing systems used in wide variety of industries including commercial and recreational vehicles, aerospace platforms, agricultural and construction equipment, medical devices, filtration equipment, electronics, and industrial applications. LTI Boyd's design expertise, material knowledge, global manufacturing footprint, and superior execution position it as a strong partner for its OEM customers. LTI Boyd is the market leader in a large and growing market that is highly fragmented, with significant opportunities for growth both organically and through acquisition. In April 2006, Sentinel Capital Partners and management acquired LTI Flexible Products in a management buyout. Sentinel sponsored the transaction and provided equity financing from Sentinel Capital Partners III, L.P. In October 2006, LTI acquired Nott-Atwater Company, a leading manufacturer of custom and specialized industrial gaskets for the heavy truck, HVAC, and recreational vehicle industries. In April 2009, LTI acquired Derby Cellular Products, a manufacturer of extruded rubber gaskets and seals for the filtration, commercial vehicle, window, and recreational vehicle industries. In July 2011, LTI acquired Boyd Corporation, a leading designer and manufacturer of mission-critical sealing and energy management solutions for blue-chip OEMs serving the electronics, heavy truck, aerospace, and medical device markets. This highly complementary acquisition significantly increased the size and scale of LTI and created the leading global provider of custom-fabricated gaskets and sealing systems. In July 2012, after achieving substantially all of our investment objectives in six years, LTI Boyd was sold to another private equity firm. Since Sentinel's original investment, LTI Boyd grew by almost fivefold, organically and via three acquisitions, and its EBITDA increased almost fourfold. LTI Boyd remains well positioned to continue growing following the deep recession of 2008–2009.