We are pleased to announce that SRP Advisors, LLC initiated the transaction and acted as financial advisor to ROM Corporation in connection with the acquisition of the Lighting Solutions Division from Havis, Inc. Based in Belton, MO, ROM designs and manufactures innovative niche products used in the trucking and transportation industries including shutter doors used in fire safety and military vehicles, as well as ramps, insulated bulkheads and related products used in foodservice trailers. The Lighting Solutions Division provides spot flood scene lights, telescoping mounting poles, and vehicle interior lighting such as dome lights and compartment lights for use on emergency response and police vehicles. These products are essential tools for emergency responders who need to maintain situational awareness and conduct casualty and damage assessments upon arrival at the site of a critical incident. The acquisition will diversify ROM’s existing product line and serve to strengthen customer relationships with leading fire apparatus manufacturers and first responders.
This transaction extends the successful track record of SRP Advisors working with leading companies in the specialty vehicle components market.
“Havis Lighting Solutions products are high quality and enjoy market-leading recognition in the fire service sector. Likewise, ROM is recognized for industry-leading products. The Lighting Solutions line is a perfect fit for us. By combining these outstanding products with our roll-up doors, cargo trays, hose bed covers and LED compartment lighting, we are able to make a great company even better.”
For more information about this transaction or the merger and acquisition advisory services of SRP Advisors, LLC, please contact Sean Prendergast, Managing Partner at 818-936-2511.
About ROM Corporation
Based in Belton, MO, ROM designs and manufactures innovative niche products used in the trucking and transportation industries. Its primary products include shutter doors used in fire safety and military vehicles, as well as ramps, insulated bulkheads and related products used in foodservice trailers. The company has the leading market positions in its core product lines, with strong brand recognition and a reputation for premium quality. ROM Corporation is a portfolio company of Century Park Capital Partners.
About Havis, Inc.
Havis Inc. is a privately held company that manufactures in-vehicle mobile office solutions for public safety, public works, government agencies and mobile professionals. For over 80 years, the Havis mission has been to increase mobile worker productivity with industry-leading products that are built to the highest safety and quality standards and are designed with comfort in mind. Havis is headquartered in Warminster, PA., with an additional location in Plymouth, MI.
About SRP Advisors, LLC
SRP Advisors, LLC provides merger and acquisition advisory services to both buyers and sellers of middle market companies. SRP Advisors works with owners of private companies across all industry segments who might be interested in exploring alternatives for their company such as a full or partial sale of the business, an investment in the business from a private equity group, or a transition of ownership to management or the next generation of family. SRP Advisors also provides strategic acquisition advisory services for public, private and private equity sponsored companies looking to grow their business through mergers and acquisitions. Contact Sean Prendergast, Managing Partner at 818-936-2511.