Go to deals
Private Equity | Industrial Machinery & Components

Sandar Industries, Inc. has been acquired by Ryeco, LLC

May 2023 — The shareholders of Sandar Industries, Inc. have sold the company to Ryeco, LLC.

Sandar, headquartered in Atlantic Beach, Florida, designs, engineers, manufactures, assembles and sells equipment for the pulp and paper industry. In addition to the equipment, the company provides support with sales of consumables, spare parts and field services that follow each equipment installation. Sandar was founded in 1975 by Peter Rodriguez, who, having worked in the pulp and paper industry for several years, noted the hazards and inefficiencies associated with transferring a web of paper from a full reel to an empty spool. This led him to develop and patent the first Turn-Up System Automatic, a system that would keep operators safe while ensuring wrinkle-free reliable turn-ups. Since then, Sandar’s technology has become an industry standard with over 2,000 installations and estimated savings of 300 million metric tons of product per year.

Ryeco, based in Marietta, Georgia, was founded in 1989 and is a leading manufacturer of quality control systems and sheet break detection devices for the paper, packaging and converting industry. Ryeco is backed by Bellview Capital Partners, an Atlanta-based private equity firm that focuses on partnering with family-owned businesses and corporations across the Southeast.

Our role in the transaction

Oaklins Heritage in Jacksonville served as the intermediary and exclusive financial advisor to the seller in this transaction.

Parties
“Working with Oaklins Heritage during the process of selling our business has been an extraordinary experience. The deal team’s expertise, professionalism and unwavering dedication has exceeded all our expectations. Their deep understanding of the market, meticulous attention to detail, and strategic guidance have played a pivotal role in achieving a successful outcome. We are immensely grateful for their exceptional service and would highly recommend them to anyone seeking a seamless and rewarding business sale journey.”

Jason and Victor Rodriguez

Owners, Sandar Industries, Inc.

Talk to the deal team

Joe Hawkins

Principal
Jacksonville, United States
Oaklins Heritage

Howard Serkin

Principal
Jacksonville, United States
Oaklins Heritage

JP Allen

Associate
Jacksonville, United States
Oaklins Heritage

Related deals

Terhills Resort by Center Parcs has been acquired by TwentyTwo Real Estate
Private Equity | Consumer & Retail | Real Estate

Terhills Resort by Center Parcs has been acquired by TwentyTwo Real Estate

Terhills Resort, a premium resort in Belgium combining luxury and nature located near Hoge Kempen National Park and operated by Center Parcs, has been sold by venture capitalist LRM to TwentyTwo Real Estate, an independent real estate investor and operator. Both the real estate and the operations were included in the transaction, and Center Parcs is staying on board as an operational partner.

Learn more
OEP Danzig BidCo has completed a mandatory tender offer for the shares of Digital Value
Private Equity | TMT

OEP Danzig BidCo has completed a mandatory tender offer for the shares of Digital Value

OEP Danzig BidCo S.p.A. has completed a mandatory tender offer for the shares of Digital Value S.p.A.

Learn more
Bolster Investment Partners has secured debt financing for the acquisition of Royal Taste Company
Private Equity | Food & Beverage

Bolster Investment Partners has secured debt financing for the acquisition of Royal Taste Company

Bolster Investment Partners has partnered with Royal Taste Company, a leading Dutch custom signature coffee platform offering end-to-end sourcing, blending, roasting, packaging and delivery services. The partnership marks an important next step in Royal Taste Company’s growth trajectory, focused on further geographical expansion, commercial development and selective strategic acquisitions.

Learn more