Rock Hill Invests in Tideland Signal Corp.

Press Release
Wednesday, July 11, 2012

Houston private equity firm Rock Hill closes majority recapitalization of worldwide aids to navigation suppliers, Tideland

Tideland maintains offices in the United States, Canada, Singapore, United Arab Emirates, China and the United Kingdom. The Company is the world’s largest provider of a full suite of AtoN products and services including lanterns, buoys, radio aids, audible aids and related installation and repair services. Its products include rotationally molded polyethylene buoys, self-contained LED lanterns, conventional LED lanterns, range lights, fog signals, fog detectors, solar power systems, rotating beacons, Racons and customized remote monitoring systems.

 One area of substantial growth has been the Company’s service business whereby they take over the maintenance and repair of AtoN systems for coast guards, port authorities, and other governmental entities.

Randall B. Hale, Managing Director of Rock Hill stated, “We are excited about the opportunity to partner with the Tideland team and look forward to continuing the company’s growth.” Mr. Hale continued, “Tideland is poised to continue the expansion of its product and service capabilities throughout the world.”

“The management team at Tideland is very excited about the timing of Rock Hill’s investment. We are at a point in the company’s growth where significant funds are needed to take us to the next level in our strategic plan,” said Allen Mitchener, President of Tideland.
 

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

BP Freezes Pay in 2015 to Cut Costs

BP is freezing base pay across the group this year, the latest in a series of steps by oil majors to cut costs in response to sinking oil prices.   Over the past year,

Metcalf to Succeed Cox at CSA Helm

Kathy J. Metcalf will assume the role of president and CEO of the Chamber of Shipping of America (CSA), succeeding Joseph J. Cox, who will retire on May 31, 2015,

InterMoor Completes Juniper Mooring Installation Contract

InterMoor has completed a mooring and foundation installation campaign for bpTT’s Juniper gas project offshore Trinidad and Tobago, reportedly the largest foundation

 
 
Maritime Careers / Shipboard Positions Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1294 sec (8 req/sec)