Tinicum

Tinicum Incorporated is a private equity firm established in 1998 and headquartered in New York, New York, with additional offices in Tiburon, California, and Houston, Texas. The firm specializes in buyouts, acquisitions, and industry consolidations, focusing on sectors such as aerospace, financial services, industrial technology, healthcare, and specialty products. Tinicum typically invests between $25 million and $300 million in both private and public companies, with a preference for acquiring controlling stakes, though it is also open to minority positions with board representation. The firm has over 25 years of experience and avoids investments in retail, unproven technology, venture capital, and real estate.

Jacob E. Ruttenberg

Senior Associate

47 past transactions

Tornatech

Acquisition in 2024
Tornatech is a family-owned company that designs and manufactures fire pump groups and controllers for building fire prevention systems. The company provides a range of products, including fire pump accessories, flow meters, lead time indicators, and industrial pump controllers. Tornatech's offerings are aimed at enhancing safety and minimizing property loss during fire-related incidents, ensuring clients are well-equipped to handle emergencies effectively.

KGM Gas

Acquisition in 2024
KGM Gas provides quality regulation and measurement products for the Natural Gas industry. KGM is a distributor and servicer of meters, regulators, valves, and other critical measuring and flow-control equipment to utilities and municipalities nationwide.

Greene Group Industries

Acquisition in 2023
Greene Group Industries is a prominent manufacturer specializing in precision machined parts and components for various sectors, including electronics, communications, defense, aerospace, medical, and industrial applications. The company utilizes advanced manufacturing techniques such as computer numerical control (CNC) machining, metal stamping and forming, metal injection molding (MIM), and wire electrical discharge machining (EDM). Additionally, Greene Group Industries offers prototyping services, allowing clients to obtain precise parts tailored to their specific operational needs. With a focus on quality and precision, the company has established itself as a leader in the metal fabrication industry.

Cellink

Series D in 2022
CelLink Corporation is an innovative company focused on developing flexible conductive backplanes and circuits for power electronics, including applications in batteries, solar panels, light-emitting diodes, and wire harnessing. Founded in 2012 and based in Belmont, California, CelLink manufactures high-conductance, large-area flexible circuits designed to facilitate clean power transmission. Their products integrate essential components such as busing, fusing, and voltage and temperature monitoring into a single circuit, providing customers with efficient solutions for power and data transmission at competitive prices. By offering advanced technology in a growing market, CelLink aims to support the increasing demand for sustainable energy solutions.

Watlow Electric

Acquisition in 2021
Watlow Electric is a global technology and manufacturing leader specializing in thermal systems for various industries, including semiconductor processing, environmental technologies, medical applications, food service, and refrigerated transportation. The company offers a comprehensive range of products, such as industrial heaters, sensors, controllers, system assemblies, and indicators. These innovative thermal products and systems are designed to enhance thermal performance, reduce design time, and improve overall efficiency for clients. With a strong emphasis on engineering expertise, Watlow is committed to helping customers thrive by providing tailored solutions that meet their specific needs across diverse sectors.

Continental Disc Corporation

Private Equity Round in 2021
Continental Disc Corporation is an engineering company that provides rupture disc, pressure relief valves, and products.

Advantek

Private Equity Round in 2021
Advantek specializes in providing precise component delivery systems that are crucial for the assembly of various electronic goods, including computers, mobile phones, LED lights, medical devices, smart appliances, and automobiles. The company manufactures semiconductor transportation and packaging systems designed to protect electronic components sustainably. Its product offerings include custom carrier tape, thin-film slitting, cover tape, barrier bags, wafer film, reels, and thin-film polymer formulations. These solutions are engineered to safeguard integrated circuits from physical and electrostatic discharge damage during shipping and storage, thereby enhancing the efficiency of the assembly process for its clients.

STS Metals

Private Equity Round in 2019
STS Metals supplies titanium and nickel-based alloys to the aerospace industry.

Engineered Medical Systems

Private Equity Round in 2019
Engineered Medical Systems provides a platform, from initial prototype design to production manufacturing and ongoing product servicing for the life of the instrument. The investment in cutting-edge milling, turning, Swiss, and their equipment demonstrates their dedication to putting cutting-edge technology.

Astrodyne

Acquisition in 2017
Astrodyne TDI designs and manufactures innovative power solutions for demanding applications worldwide. The company’s products include power supplies and EMI filters for industrial, semiconductor manufacturing, medical, consumer appliance, military, aerospace, and many varried markets. With over 50 years of power supply design experience, Astrodyne TDI is headquartered in Mansfield, MA and has engineering and manufacturing centers in the USA and China. Our power products are found in some of the most demanding situations including semiconductor manufacturing equipment, life-saving heart assist devices, medical carts, surgical tools, ion and proton beam steering (magnet driving), oil & gas exploration equipment, in-flight aircraft entertainment systems, missile and radar systems, satellite communication systems, and electric vehicles, irrigation systems, as well as test and measurement devices. Our EMI filter solutions are applicable to any consumer, industrial or military application such as exercise/fitness equipment, consumer appliances, test and measurement equipment, telecommunication systems, elevators, renewable energy inverters and many military/aerospace designs. Our advanced engineering design centers are located in Hackettstown, NJ, Freemont, CA, and Shenzhen China. With leading power supply industry veterans, our design teams utilize state-of-the-art technologies to provide unique solutions to difficult power conversion requirements. All units are approved or designed to meet or exceed Worldwide Safety and EMI specifications. Our wholly-owned manufacturing facilities in Hackettstown, NJ, Edison, NJ and Shenzhen, China, and Kunshan, China focus on high mix power supply and EMI Filter production. The facilities are ISO 9001 and ISO 13485 certified to ensure the highest quality and consistency. The facilities share common capabilities, allowing for redundant manufacture, USA or China manufacturing location choice, and general manufacturing flexibility for customers worldwide.

PAS

Private Equity Round in 2017
PAS, Inc. specializes in providing human reliability software solutions tailored for the automation industry. The company offers several key products, including the PlantState Suite, which enhances human reliability by capturing and analyzing critical operational data at processing facilities, and the Integrity Software Suite, which focuses on automation asset management and includes a management of change system for auditing and vulnerability identification. Additionally, PAS provides lifecycle management software for automation systems that generates essential documentation and conducts change audits. The PowerGraphiX package serves as a human-machine interface solution for various power plants, while PAS IPL Assurance delivers predictive analytics on the health of safety systems. With a focus on process safety, cybersecurity, and asset reliability, PAS supports a diverse range of industries, including oil and gas, refining, and power, both in the United States and globally. Founded in 1993 and headquartered in Houston, Texas, PAS has expanded its presence internationally with offices in several countries.

Kennametal

Post in 2015
Kennametal is a manufacturer of metalworking tools and wear-resistant engineered components, providing innovative solutions designed for demanding environments. The company operates primarily through two segments: Metal Cutting and Infrastructure. Its Metal Cutting segment is the largest revenue generator, developing high-performance tooling and metal cutting products for diverse industries such as aerospace, general engineering, energy, and transportation. Kennametal's commitment to advanced materials sciences and application knowledge enables it to offer both standard and custom solutions that enhance productivity for customers globally. The company has a well-established presence, primarily deriving revenue from the United States, while also serving markets in Germany, China, Canada, India, and Italy, among others. Through its extensive portfolio of respected brands, Kennametal aims to deliver value at every stage of the manufacturing process, contributing to sustainable practices and improved performance for its clients.

F+W Media

Acquisition in 2014
F+W Media are committed to providing the very best experience for their consumers across their niche categories – craft, art, writing, design, outdoors, and lifestyle. They offer exclusive programs and products, Best-in-Industry Customer Service (100% Guaranteed), Curated Kit Flash Sales, Rewards and VIP programs, personalized 1-to-1 marketing, and more.

Pontos Aqua

Private Equity Round in 2014
Pontos Aqua is a private equity platform based in New York that specializes in investment management services within the aquaculture and seafood sectors. The firm concentrates on opportunities related to processing and marketing within these industries, aiming to drive growth and innovation. By focusing on aquaculture and seafood, Pontos Aqua seeks to capitalize on the increasing demand for sustainable seafood solutions and contribute to the advancement of these essential sectors.

Rebellion Photonics

Series A in 2014
Rebellion Photonics, Inc. is a Houston-based company that specializes in intelligent monitoring solutions, particularly for the oil and gas industry. Established in 2009, it focuses on developing advanced hyperspectral imaging technology to enhance safety and environmental protection. The company's flagship product, the Gas Cloud Imaging (GCI) camera, provides real-time monitoring, quantification, and visualization of gas leaks, enabling the identification of leak sources and the assessment of their volume and concentration. Additionally, Rebellion Photonics offers a cloud-based software solution called Spectra, which aggregates data from GCI cameras and sensors for comprehensive site-based optimization and monitoring. By providing these innovative tools, the company aims to prevent accidents and minimize environmental risks associated with gas emissions.

Envera Systems

Acquisition in 2013
Envera Systems specializes in providing remotely monitored electronic security services for communities and residential developers. The company offers a modern alternative to traditional security guards through its patented monitoring system and proprietary software. Utilizing advanced technology and licensed virtual guards, Envera enhances security by allowing operators to monitor multiple points within a community simultaneously. This capability not only deters trespassers but also enables virtual guards to communicate with intruders or vandals. By combining state-of-the-art technology with professional monitoring, Envera Systems delivers a more efficient and cost-effective security solution for gated communities.

Consolidated Aerospace Manufacturing

Seed Round in 2012
Consolidated Aerospace Manufacturing is a specialized manufacturer and supplier of aerospace components, focusing on high and low-pressure fluid fittings, engineered products, and fasteners. The company serves the commercial aerospace industry, as well as other critical sectors such as marine and nuclear. In addition to fittings, Consolidated Aerospace Manufacturing designs and produces complex sheet metal components, precision machined hardware, complex tube assemblies, latches, and quick-release pins. Their expertise lies in delivering tailored manufacturing solutions that meet the stringent requirements of the industries they serve.

Ashby Street Outdoor

Venture Round in 2011
Ashby Street Outdoor Holdings LLC is an independently owned outdoor advertising company based in the United States, established in 2011. It operates through its subsidiaries, specializing in outdoor advertising services. The company boasts a strong market presence with over 2,000 billboard faces strategically located across 40 counties in Arkansas, Eastern Oklahoma, and Wichita, Kansas. Ashby Street Outdoor offers a diverse range of advertising products, including traditional billboards, permanent bulletins, rotary bulletins, digital bulletins, and trivision billboards, enabling it to deliver effective advertising solutions for its clients.

Technitrol

Venture Round in 2010
Technitrol is a manufacturer of electronic components and metallurgical products. The company’s metallurgical components include electrical contacts and assemblies and contact materials used in circuit breakers, wiring devices, and a variety of electrical products and appliances. It is a supplier to the data communications, telecommunications, housing, and automobile industries.

DODUCO

Acquisition in 2010
DODUCO is a manufacturer of electrical contacts. The company’s product portfolio includes contact materials and semi-finished contacts, bimetal strips, precision stamping parts and electromechanical assemblies. Further core areas are precious metal plating and the recycling of precious metals from waste materials. The company’s customers come mainly from the electrical, electronics and automotive sectors. Their value proposition “Connecting Ideas. Creating Solutions.” they live through their daily work. They capture customer ideas, develop them further and create a cost- and qualityoriented overall solution in close co-operation with our customers. Their services range from precious metal recycling via stamping technology to plastic-molded assemblies. True to the motto, “One face to the customer”, they reduce supplier interfaces and create high-quality and commercially optimal solutions for their customers. Where metal and electricity come together, they offer their customers unique expertise regarding materials, surfaces and their further processing. This is how reliable contact solutions from the DODUCO company have been created for more than 95 years. With production locations in Germany, Spain, Romania and China, they have their finger directly on the pulse of their customers from all over the world. Their comprehensive network of sales partners across continents enables them to have a permanent presence even in destinations without own production sites.

R360 Environmental Solutions

Private Equity Round in 2010
R360 Environmental Solutions is an environmental services company specializing in non-hazardous oilfield waste treatment and disposal. It provides a range of services to exploration and production (E&P) operators across the United States, including landfill waste disposal, land treatment processes, washouts, oil reclamation, transportation, closed-loop equipment, waste collection, and production water disposal. The company is dedicated to delivering reliable service and sustainable waste management solutions, emphasizing environmental responsibility in its operations.

Western Pneumatic Tube

Acquisition in 2007
Western Pneumatic Tube Company, LLC specializes in manufacturing large-diameter and light wall welded tubing products, primarily catering to the aerospace industry. The company provides integral components for critical aircraft systems and also serves a diverse range of sectors, including space, irrigation, nuclear energy, submersible pumps and motors, solar energy, chemical processing, food processing, and the production of bellows and metal hoses. With a focus on various materials and configurations, Western Pneumatic Tube contributes to essential applications across multiple industries, ensuring high-quality solutions for its clients.

Plano Molding Company

Acquisition in 2007
Plano Molding Company is a consumer goods company that offers gun cases and plastic molded products.

Enesco

Acquisition in 2007
Enesco is a prominent player in the giftware and home and garden décor sectors, focusing on the design, manufacturing, marketing, and distribution of a diverse range of products. The company caters to various markets, including large department stores, mass market channels, online retailers, home décor boutiques, and specialty gift shops. Its offerings include contemporary gifts, home accessories, jewelry, and personalized merchandise, aimed at helping customers celebrate various occasions and recipients. Enesco's commitment to quality and creativity has established it as a leader in the industry.

Accuride

Post in 2006
Accuride Corporation, based in Evansville, Indiana, is a prominent manufacturer and supplier of wheels, wheel-end components, and braking systems for the North American commercial vehicle industry. The company specializes in producing steel and aluminum wheel assemblies, brake drums, brake rotors, slake adjusters, and hubs, catering to a diverse market that includes manufacturers of heavy-duty and medium-duty trucks, commercial trailers, light trucks, buses, and military vehicles. Accuride is committed to delivering high-quality products and services, and it operates under well-recognized brand names such as Accuride Wheel End Solutions and Gunite. With a focus on innovation and responsiveness, Accuride aims to be the leading supplier of wheel-end system solutions in the global commercial vehicle sector.

Breeze-Eastern

Private Equity Round in 2006
Breeze-Eastern Corporation specializes in the design, development, manufacturing, and servicing of mission-critical equipment for aerospace and defense applications. The company offers a range of products, including helicopter rescue hoists, cargo hook systems, hydraulic and electric winches, and various weapons handling systems. These products are essential for military and civilian aircraft operations, ensuring efficient and safe mission execution. Breeze-Eastern also provides overhaul, repair, and engineering services, further supporting its product offerings. The company markets its products through internal representatives and distributors, catering to military agencies, civilian operators, and aerospace contractors worldwide. Founded in 1962 and headquartered in Whippany, New Jersey, Breeze-Eastern operates as a subsidiary of TransDigm Inc.

Penn Engineering

Acquisition in 2005
PennEngineering designs and manufactures fasteners for various industries. It offers precision tooling for heading and screw machine operations; and tooling and machine part solutions for fastener and component manufacturers. The company also offers punches, die cases, die inserts, die assemblies, double shear fixtures, fingers, cutting tools, cutter and quills, machine parts, micro tools, carbide parts, recess punches, and electrical contact tools.

Cymer

Post in 2004
Cymer is a leading developer of light sources based in San Diego, California, specializing in technologies essential for the semiconductor manufacturing process. The company offers various lithography solutions, including deep-ultraviolet light sources such as argon fluoride immersion and dry lithography, as well as krypton fluoride lithography. With approximately 3,750 systems installed, Cymer's products are extensively used by top chipmakers around the world. The company is at the forefront of advancing extreme ultraviolet (EUV) lithography, which represents a significant technological evolution aimed at producing smaller and faster semiconductor chips. In addition to its core business in the semiconductor sector, Cymer is also innovating in the development of silicon crystallization tools for the display industry.

Adam Aircraft

Venture Round in 2003
Adam Aircraft designs and manufactures a family of innovative general aviation aircraft, including the centerline thrust, twin-engine A500, and the A700 twin-engine AdamJet. By combining modern technologies, rapid deployment processes, and innovative engineering, Adam Aircraft is designing and building new high-performance aircraft that are raising the standards of quality and value in general aviation.

Charles River Laboratories International

Post in 2003
Charles River Laboratories International, Inc. provides solutions that accelerate the drug discovery and development process, including research models and associated services, and outsourced preclinical services. Segments The company has two segments: Research Models and Services (RMS) and Preclinical Services (PCS), which includes Phase I clinical services. RESEARCH MODELS AND SERVICES (RMS) The company supplies research models to the drug development industry. With approximately 150 different strains the company engages in the production and sale of research models, principally genetically and virally defined purpose-bred rats and mice. It also provides various related services that are designed to assist customers in supporting the use of research models in drug development. With multiple facilities located on three continents (North America, Europe and Asia (Japan)), the company maintains production centers, including a total of approximately 180 barrier rooms or isolator facilities located near its customers. RMS segment comprises Research Models, Research Model Services, and other related products and services

Hallmark Data Systems

Acquisition in 2003
We're the chosen provider to our customers for two key reasons: our focus on advanced technology, and our commitment to superior customer service. Hallmark offers integrated data management solutions across print, email, and web platforms – allowing publishers to manage print data files, email records, digital subscribers, website logins, and gated content. We provide award-winning subscription web site design, hosting, and provide a wide range of email delivery services customized to meet your needs.

Cymer

Post in 2003
Cymer is a leading developer of light sources based in San Diego, California, specializing in technologies essential for the semiconductor manufacturing process. The company offers various lithography solutions, including deep-ultraviolet light sources such as argon fluoride immersion and dry lithography, as well as krypton fluoride lithography. With approximately 3,750 systems installed, Cymer's products are extensively used by top chipmakers around the world. The company is at the forefront of advancing extreme ultraviolet (EUV) lithography, which represents a significant technological evolution aimed at producing smaller and faster semiconductor chips. In addition to its core business in the semiconductor sector, Cymer is also innovating in the development of silicon crystallization tools for the display industry.

Selkirk

Acquisition in 2002
Selkirk manufactures and sells residential and commercial HVAC products.

Technitrol

Venture Round in 2002
Technitrol is a manufacturer of electronic components and metallurgical products. The company’s metallurgical components include electrical contacts and assemblies and contact materials used in circuit breakers, wiring devices, and a variety of electrical products and appliances. It is a supplier to the data communications, telecommunications, housing, and automobile industries.

Flowserve

Post in 2000
Flowserve Corporation is a global manufacturer and service provider of industrial flow management equipment, specializing in pumps, valves, seals, and automation solutions. The company operates through two main segments: the Flowserve Pump Division, which offers a range of custom and pre-configured pumps, mechanical seals, and aftermarket services, and the Flow Control Division, which provides industrial valves and automation equipment. Flowserve’s products are widely utilized in key sectors such as oil and gas, chemicals, pharmaceuticals, power generation, and water management, along with various general industries including mining, food and beverage, and pulp and paper. The company also emphasizes sustainability and environmental stewardship. Flowserve, headquartered in Irving, Texas, distributes its products through direct sales, distributors, and sales representatives, and it maintains a network of Quick Response Centers to support customers with installation, diagnostics, and equipment maintenance. Established in 1912, Flowserve is dedicated to delivering comprehensive flow control solutions that protect and enhance the efficiency of customer operations.

Cordant

Private Equity Round in 2000
Cordant Technologies manufactured propulsion systems, fastening systems, and investment castings.

Grupo Clarín

Private Equity Round in 1999
Grupo Clarín is the leading media group in Argentina and one of the most important in the Spanish-speaking world. Established in Argentina and with national majority shareholders and management, Grupo Clarín is present in the print media, radio, broadcast television, Internet access, and the cable television industry. Its media strive to ensure quality and credibility levels that comply with their professional standards.

Haskel International

Acquisition in 1999
Haskel International is a manufacturer specializing in highly engineered fluid and gas handling equipment designed to generate, store, and control high-pressure gases and liquids. The company produces a range of products, including air-driven liquid pumps, hydraulic-driven gas boosters, air pressure amplifiers, and hydrogen compressors. Additionally, Haskel offers custom reactors, pressure vessels, supercritical fluid systems, high-pressure valves, hydraulic tube expansion equipment, injection rate control device valves, and diaphragm compressors. This diverse product line serves industries such as oil and gas, automotive, and defense, providing equipment that is quiet, compact, efficient, reliable, low-maintenance, and infinitely controllable.

SPS Technologies

Private Equity Round in 1988
SPS Technologies is a prominent manufacturer and global supplier of aerospace fasteners and precision components. With nearly a century of experience, the company has established a strong reputation for producing high-quality fasteners that meet the rigorous demands of the aerospace industry. Their product range includes all-metal locknuts, bolts, non-metallic insert locknuts, and precision components available in various materials and platings, with sizes reaching diameters of up to 3 inches and lengths of up to 48 inches. SPS Technologies serves a diverse clientele, supplying fasteners found in critical aircraft parts such as engines, wings, fuselages, and landing gear. The company's commitment to quality and customer support is evident in their thorough understanding of client needs and their dedication to statistically monitored manufacturing processes.
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