Boyd Corporation
Sold: July 2011
Boyd Corporation was acquired by Fund II in February 1998. The company is a leading fabricator and converter of rigid and semi-rigid plastic and rubber-type materials serving the electronics, medical, aerospace, transportation and general industrial markets. Boyd’s expertise in materials, design and fabrication techniques, combined with state of the art equipment, enabled the company to be a valued partner with its customers. Boyd completed a strategic add-on acquisition of Miles Rubber in 1999, which was integrated into its operations.
From 2004 until a year prior to its sale in 2011, Boyd retired all of its senior debt as well as all of the shareholder’s subordinated debt and preferred stock investments, while continuing to pay scheduled interest and dividends, all through internally generated cash flows.
CII Technologies, Inc.
Sold: September 1997
CII was a leading niche market manufacturer of high performance, high reliability, electromechanical and solid state relays and solenoids. The company enjoyed significant market share in most of the markets served, including crystal can relays, T0-5 relays, sensitive/switch/telephone relays and miniature telephone relays. Under Stonebridge ownership, CII’s revenues increased from $20 million to over $90 million through internal growth and six add-on acquisitions.
Tee Jays Manufacturing Co., Inc.
Sold: July 1995
An integrated manufacturer of branded and private label T-shirts and sweat clothes, Tee Jays maintained a state-of-the-art manufacturing operation in each of its plants. A low corporate overhead structure and the continuous development of manufacturing efficiencies led to significant enhancements and sales growth to the $140 million level.
Four Star Lighting, Inc.
Sold: April 1998
As the largest lessor of theatrical lighting systems for Broadway productions, Four Star provided systems for a substantial majority of the long-running shows on the Broadway stage. Revenues increased 36% from the time of purchase to the time of sale.
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