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.