Houlihan Lokey Advises Syntron Material Handling Group
Houlihan Lokey is pleased to announce the sale of Syntron Material Handling Group, LLC (Syntron), a portfolio company of Levine Leichtman Capital Partners (LLCP), to Kadant Inc. (NYSE:KAI). The transaction closed on January 2, 2019.
Syntron, based in Tupelo, Mississippi, is a leading designer and manufacturer of highly engineered material handling equipment and systems used to convey, load, and feed bulk materials across a diversified set of end markets such as aggregates, minerals and mining, food and packaging, pulp and paper, and industrial processing. The company manufactures conveying and vibratory equipment at its facilities in Tupelo and Changshu, China, and serves a broad base of blue-chip customers through its two trusted and industry-leading brands of Syntron® and Link-Belt®.
Kadant Inc. is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. The company's products, technologies, and services play an integral role in enhancing process efficiency, optimizing energy utilization, and maximizing productivity in resource-intensive industries. Kadant is based in Westford, Massachusetts, with 2,750 employees in 20 countries.
LLCP is a Los Angeles, California-based private investment firm that has managed approximately $10 billion of institutional capital since its inception. LLCP invests in middle-market companies located in the United States and Europe. LLCP is currently making new investments through Levine Leichtman Capital Partners VI, L.P., LLCP Lower Middle Market Fund, L.P., Levine Leichtman Capital Partners Europe, L.P. and Levine Leichtman Strategic Capital, LLC. LLCP has offices in the United States and Europe, including Los Angeles, New York, Dallas, Chicago, Charlotte, London, Stockholm, and The Hague.
Houlihan Lokey served as the exclusive financial advisor to Syntron and LLCP, and assisted in initiating, structuring, and negotiating the transaction on their behalf.
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