December, 2022

Third Coast Capital Advisors served as exclusive financial advisor to JH Foster, a portfolio company of High Road Capital Partners, in its acquisition of Accu Tech. Our Acquisition Search services included identifying the target and making contact with its owner, as well as providing assistance on valuation, transaction structure and the negotiation and closing of the transaction. This transaction represents a good example of our ability to identify and execute proprietary, strategic add-on acquisitions for private equity firms and their portfolio companies.

JH Foster, based in Eagan, Minnesota, is a value-added supplier of fully-integrated automation solutions, turn-key systems, and a distributor of electrical and pneumatic automation components, parts and accessories, compressed air systems, collaborative and industrial robotics.  JH Foster was acquired by High Road Capital Partners in May of 2019 and Accu Tech represents the fourth acquisition made under their ownership.

Accu Tech, based in Wake Forest, North Carolina, provides innovative automation and motion products, applications engineering support and machining services to companies from health care and optical equipment to packaging and automated machinery to names a few.  Accu Tech offers one of the largest selections of actuators, ball screws, collaborative robots and liner guides in North America.