Heartwood Partners is pleased to announce a growth investment in Royal Products (“Royal” or the “Company”) on April 12, 2024, in partnership with the management team who will continue to lead the Company.
Headquartered in Hauppauge, NY, Royal Products is an industry-leading manufacturer and distributor of premium, branded metalworking performance accessories. For over 75 years, manufacturers have trusted Royal Products to optimize the performance, productivity, and profitability of computer numerical control (“CNC”) machine tools. Please visit the Royal Products website at www.royalproducts.com to learn more about the Company’s history and product offerings.
“We are thrilled to announce our partnership with Heartwood Partners and start the beginning of an exciting new chapter in Royal’s growth. Heartwood and our management team are fully committed to preserving the exceptional customer service and distinctive family business values that set Royal apart in our industry. We are confident that Heartwood’s commitment to maintaining a strong balance sheet and the resources they provide to support growth will position the Company for continued success,” stated Tom Sheridan, CEO of Royal Products.
“We are excited to partner with Royal Products and its management team. Royal has developed an incredibly strong foundation over its 75+ year history through its dedication to best-in-class products and exceptional customer service,” said Demetrios Dounis, Managing Partner of Heartwood Partners. He further added, “Royal aligns perfectly with our approach of partnering with management teams and our focus on growth through investment in people, processes, and add-on acquisitions. We intend to drive future growth by leveraging the Company’s well-established brand and market leadership to expand into new markets, both organically and through strategic add-on acquisitions.”
Heartwood Partners would like to recognize the investment banking team at Carl Marks Advisors for their efforts in closing this transaction and making this partnership possible. Lincoln International served as financial advisor to Heartwood Partners for the transaction.
Please contact the following members of the investment team at Heartwood Partners with investment or add-on opportunities:
Demetrios Dounis, Managing Partner
John Willert, Partner
jwillert@heartwoodpartners.com
John Newman, Managing Director
Andrea V. Nelson, Principal
Brian Chung, Vice President
Drew Greene, Senior Associate