CLEARWATER — Boyd Industries Inc., a leading manufacturer of dental and medical office equipment, has been sold to private equity firm Salt Creek Capital, according to a statement by Hyde Park Capital Advisors LLC, an investment banking firm that represented the manufacturer. Terms of the sale were not disclosed.
In 2011, Boyd Industries generated revenue of $12 million, according to the Business Review's Gulf Coast 500 ranking. From its 63,000-square-foot manufacturing facility in Clearwater, Boyd Industries produces products from treatment chairs and specialty cabinetry to sterilization equipment and task lighting.
Founded in 1957, Boyd Industries was originally a family-owned, custom residential furniture company whose specialty was a contoured lounge-style chair.
Boyd Industries has a strong brand reputation and quality dental equipment products, says Adrian LaTrace, executive partner at Salt Creek Capital. The private equity firm, based near San Francisco, focuses on investments in companies with revenue of $3 million to $50 million.
Tampa-based Hyde Park Capital specializes in mergers and acquisitions, according to the company, and has advised on more than 300 corporate investment banking transactions totaling more than $10 billion in value.