Rock Hill Capital Group has finalised the sale of Tideland Signal Corporation (Tideland) to Xylem Inc. (XYL), a specialist
Founded in 1954, Tideland Signal delivers world leading aids to navigation solutions, products, services and customer care to a variety of ports and harbours, offshore energy companies, and coastal and marine authorities. Rock Hill recapitalised Tideland in June 2012 and has worked with management since that time to enhance Tideland’s global product and solutions portfolio, shed under-performing operations, expand the Company’s global footprint and execute on strategic acquisitions opportunities, among other initiatives.
“Working with Matt and his leadership team has been a pleasure, and we believe Xylem is an excellent partner to continue to grow and expand Tideland’s products and solutions capabilities around the world,” says Randall B Hale, Founder and Managing Director of Rock Hill.
“Rock Hill was a great partner for Tideland and was instrumental in helping us reach this critical point in the company’s history. We are excited about the possibilities for accelerated growth with the added scope and scale of Xylem. Our customers will benefit as we combine Tideland’s expertise in bringing together complex marine and offshore solutions with Xylem’s deep analytics and sensor applications,” says Matt Scheuing, Tideland’s CEO.
