|
|
Tinicum Incorporated was founded to manage the holdings of the Ruttenberg family and began managing outside capital in 1998. Tinicum Capital Partners, L.P. was formed in December 1998 with committed capital of $272 million and is fully invested. Tinicum Capital Partners II, L.P. was formed in May 2004 and has committed capital of $1.325 billion. Both funds were established with flexible investment mandates. Tinicum Capital Partners, which is managed by Tinicum Incorporated, seeks to acquire control of companies through acquisitions or restructurings or to take minority stakes in public or private companies through equity or debt securities. Tinicum's investors are all individuals and families (no institutional investors). Tinicum primarily pursues investments of $25 million to $75 million, but may invest more or less depending on the specific characteristics of an opportunity. Tinicum invests opportunistically in a wide variety of industries, but is interested in acquisitions in industries where the firm already has investments, specifically: Aerospace, HVAC components, Magazine fulfillment, Medical devices, Fasteners and fastener manufacturing tools, and Financial services. The firm is not interested in venture capital, unproven technology, and real estate. Managing Partner, Eric Ruttenberg is a son of Derald H. Ruttenberg (1916-2004), a lawyer who became a deal maker, organizing large industrial mergers. He arranged the merger of Studebaker and Worthington Corporation, and for some time ran the combined Studebaker-Worthington. Tinicum's diverse core holdings include manufacturing, infrastructure, distribution and industrial technology companies with aggregate sales of $1.8 billion, 9,000 employees, and combined enterprise value of $4.9 billion.
|
