This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Harris Williams & Co. Advises Safety Technology Holdings, Inc. In Its Sale To Golden Gate Capital

Stocks in this article: PNC

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of Safety Technology Holdings, Inc. (STH), a leading provider of mission-critical test and measurement instrumentation solutions utilized to establish safety standards and improve design performance across automotive, aerospace, industrial and medical end markets, to Golden Gate Capital (Golden Gate). Harris Williams & Co. acted as the exclusive financial advisor to STH, a portfolio company of Wynnchurch Capital (Wynnchurch). The transaction was led by Bill Roman, Jay Hernandez, Matt Volinsky and Chris Zeien from Harris Williams & Co.’s Boston office, along with Julien Darmon from the firm’s London office.

STH marks the third transaction that Harris Williams & Co. has closed in the test, measurement and control sector in the fourth quarter of 2013. The other recent transactions were the sale of Finder S.p.A, a leading manufacturer of centrifugal, screw, vacuum and piston pumps, to the Pump Solutions Group of Dover Corporations and the sale of Enardo, a provider of safety and environmental control solutions for storage tanks and vapor control systems, to Emerson Electric Co.

“STH serves a critical role in the safety testing ecosystem and is uniquely positioned to develop and capitalize upon increasingly stringent global safety standards,” said Bill Roman, a managing director at Harris Williams & Co. and co-head of the firm’s Industrials Group. “We greatly enjoyed working with Chris O’Connor (President and CEO of STH) and his team and are excited to witness STH’s continued growth through its partnership with Golden Gate.”

“Golden Gate’s investment in STH is evidence of the strong interest we continue to see in the market for test and measurement solution providers from both strategic and financial buyers,” said Jay Hernandez, a director at Harris Williams & Co. “These companies are playing an increasingly vital role across a wide variety of end markets and we expect to continue to see a lot of M&A activity in this sector.”

STH, through its Humanetics, HITEC & SDI subsidiaries, has been the leader in the development of biofidelic Anthropomorphic Test Devices (ATDs) and related sensor measurement systems since first introduced during the early 1950s. Today, Humanetics’ suite of ATDs, sensors and calibration and software products incorporate the latest biomechanical human simulations for the development and certification of occupant safety protection technologies. Coupled with HITEC & SDI’s advanced engineering and instrumentation services, STH’s products stretch across a variety of end markets around the world, including automotive, aerospace, industrial and medical devices.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs