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.
 


People & Company News

Hellenic Petroleum Profits Rise on Higher Exports

Hellenic Petroleum, Greece's biggest oil refiner, posted a 20 percent rise in second-quarter core profit on Thursday, with higher exports offseting lower refining margins.

MN100: TPG Marine Enterprises, LLC

The Company: TPG Marine Enterprises, LLC is an operations, logistics and consulting company that specializes in all aspects of cargo movement on the Inland Waterways System.

MN100: R.W. Fernstrum & Company

The Company: R.W. Fernstrum & Company set the standard in marine heat exchangers over 65 years ago, building a reputation focused on innovation. Today, its commitment is to continual improvement,

 
 
Maritime Contracts Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators
rss | archive | history | articles | privacy | 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: 0.1319 sec (8 req/sec)