Grey Mountain Partners has sold Robbins Holdings, Inc. to HEXPOL
Lincoln International, a leading global mid-market investment bank, today announced that Robbins Holdings, Inc. and its subsidiary, Robbins LLC (“Robbins” or “the Company”) has been sold to HEXPOL AB of Sweden. The purchase price was $89.2 million. Robbins was an affiliate company of Grey Mountain Partners LLC.
Headquartered in Muscle Shoals, Alabama, with additional manufacturing facilities in Tallapoosa, Georgia and Findlay, Ohio, Robbins is a leading total polymer solutions provider of custom mixed rubber compounds and molded products serving the mining, agriculture, construction, automotive and transportation end-markets and is the global leader in molded envelopes and curing tubes used to retread truck, heavy equipment and airplane tires. Robbins has annual revenue of approximately $100 million.
Lincoln International acted as the exclusive financial advisor to Robbins and Grey Mountain Partners, working closely with Robbins’ management team and shareholders throughout the sale process. This included providing advisory expertise, managing the preparation and marketing of the Company, and supporting the shareholders in the negotiation and due diligence phases of the transaction.
About Grey Mountain Partners LLC
Grey Mountain Partners is a Boulder, Colorado-based private equity firm that focuses on partnering with management to create lasting value through operational improvements. Grey Mountain invests at the small end of the middle market in companies across a wide range of industries and is currently investing from its second fund, Grey Mountain Partners Fund II, LP. For more information about Grey Mountain Partners, please visit www.greymountain.com.
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