Dyson Corp. Recapitalizes

Jason Sandefur

Fastener manufacturer Dyson Corp. has been recapitalized by Houston-based private equity firm TULCAN LP. Terms were not disclosed.
“Dyson, a multi-generation, family-run business, was looking for an M&A solution that would efficiently transfer wealth from one generation to the next, while allowing the family to remain a significant stakeholder in the company,” said Paul Weisbrich of RSM EquiCo Capital Markets. “Dyson offered a very compelling growth opportunity to TULCAN due to its ability to identify and capitalize on current high-growth markets, such as wind-energy.”
The deal reportedly enables the Dyson family to retain an ownership position and operational control of the business.
Founded in 1886, Painesville, OH-based Dyson makes large diameter, short run, customized fasteners, as well as custom forgings for domestic manufacturing and large infrastructure projects, including wind energy farms, bridges, dams and tunnels. Dyson operates from an ISO-9002 compliant 130,000 sq ft facility. Additionally, Dyson owns a 50% interest in Houston-based Texas Nut & Bolt LLC. Web: dysoncorp.com �2008 FastenerNews.com