Case Study: Boyd Corporation

Boyd Corporation, a former portfolio company of Genstar Capital, was recently acquired by affiliates of Goldman Sachs.

Boyd is a leading global provider of advanced thermal management and environmental sealing solutions that use a wide variety of specialty materials. Headquartered in Pleasanton, California, Boyd has operations around the world and provides critical solutions to the electronics, mobile computing, medical technology, transportation, aerospace and other B2B and consumer industries.

Transaction Highlights

• Tailored Process Design: Baird crafted a highly targeted and tailored process to engage with the world’s largest financial sponsors, premier family offices and global strategic buyers
• Impactful Positioning: Focused buyers on Boyd’s long-term organic and strategic growth track record, along with the future opportunity from many of the most powerful industrial and consumer megatrends in the electronics, communications and vehicle markets
• Drove Incremental Value: Baird positioned Boyd’s sophisticated acquisition and integration track record to drive credit for recent acquisition activity and unrealized synergies
• Thorough Preparation: Effective pre-process preparation, use of impactful third party reports and detailed analytics on key business trends facilitated an efficient diligence process and an expedited signing

While all clients’ situations are different and experiences may differ, Baird’s Global Industrial Investment Banking team has the experience and expertise to meet clients’ needs.

Baird’s Global Investment Banking Team

Contact Baird to discuss this deal, current market dynamics and their implications for your business.

Mike Lindemann Managing Director Co-Head of Global Industrial Investment Banking, Co-Head of Global M&A

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Mike Barina Managing Director

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Jonathan M. Fitzsimmons Managing Director

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Christopher C. McMahon Managing Director Chairman of Global M&A

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Other Relevant Baird-Advised Transactions

Baird served as financial advisor to Action Acquisition Holding, Inc., a portfolio company of River Associates, and one of the leading flexible materials solutions companies that provides cost-effective, value-added custom solutions to meet specific application needs, on its recent acquisition by Boyd Corporation, a portfolio company of Genstar Capital, LLC, and a global manufacturer of precision specialty material-based energy management and sealing solutions.

Baird served as lead financial advisor to Aavid Thermalloy, a portfolio company of Audax Private Equity, and a leading global provider of advanced thermal management solutions for high-performance applications, on its recent acquisition by Boyd Corporation, a portfolio company of Genstar Capital, LLC, and a global manufacturer of precision specialty material-based energy management and sealing solutions.

Baird served as the exclusive financial advisor to Boyd Corporation, a portfolio company of Snow Phipps, and a leading designer and manufacturer of highly engineered, specialty material-based energy management and environmental sealing solutions for large, multinational equipment manufacturers across various end markets, on its sale to Genstar Capital, a private equity firm that invests in leading middle-market companies.