Riverspan Partners, a private equity firm specializing in growth-oriented investments in the industrials sector, today announced the acquisition of United Titanium, a premier U.S. manufacturer of engineered, mission-critical fasteners, fittings and precision components made from titanium, zirconium and other specialty metals. Financial terms of the transaction were not disclosed.
Founded in 1962 and based in Wooster, Ohio, United Titanium serves critical industries such as defense, aerospace, medical and dental, electronics, petrochemical processing and marine engineering. United Titanium has established a global reputation for technical excellence, industry-leading innovation and exceptional service. The company maintains rigorous quality standards and offers a comprehensive suite of value-added services such as precision machining, custom fabrication and advanced inspection and testing. United Titanium’s deep engineering expertise, advanced manufacturing capabilities and rigorous quality standards have earned it longstanding relationships with blue-chip customers.
“We have tremendous respect for the outstanding business that the talented United Titanium team has built, and we are excited to build on that rich legacy,” said Dave Thomas, Partner at Riverspan Partners. “With a leading market position, long-term customer relationships, a strong team and secular tailwinds across its end-markets, the company is exceptionally positioned for its next chapter. We are committed to ensuring that United Titanium continues to deliver mission-critical solutions, innovation and service to its customers.”
“We have built a remarkable business together over the past five decades, and I am thrilled that the team has found an ideal partner for the next chapter,” said Mike Reardon, President of United Titanium. “Riverspan deeply appreciates the people and processes that have contributed to our success and is keen to build on those strengths to capitalize on the significant growth opportunities in our core markets. Their expertise will help United Titanium to reinforce its commitment to quality, innovation and high-touch service through further investment in our people and technology. I am excited to see the company continue to prosper.”
Riverspan will provide strategic, operational and financial support to help United Titanium pursue product innovation, operational excellence and global customer growth. The company will continue to be led by the same senior team and will remain headquartered and an active community member in Wooster, Ohio. As part of the transaction, longtime industry executive Paul Schwarzbaum will join the United Titanium Board of Directors.
KeyBanc Capital Markets Inc. served as financial advisor, and BakerHostetler served as legal advisor to United Titanium. Lincoln International LLC served as financial advisor, and Latham & Watkins served as legal advisor to Riverspan.
