CLA Wealth Advisors Represents Horizon in Sale to Royal Power Solutions
Royal Power Solutions, a leading supplier of critical, high-precision electrical connectivity components for global automotive and industrial applications, has acquired Horizon Die Company, based in East Dundee, Illinois. CLA Wealth Advisors acted as exclusive financial advisor to Horizon Die Company.
With the addition of Horizon, Royal will strengthen its leading market position in electrical power and signal distribution components through a broader range of technical parts and tooling capabilities. Horizon’s products include blade terminals, bandolier and compliant pins, crimp connectors, and engineered fasteners that are primarily used to transmit electrical signals for a wide range of end markets, including automotive, consumer, medical, and aerospace, among others. .
“The addition of Horizon allows us to add a well-respected, high-quality producer to the Royal family that directly aligns with our long-term strategy,” said Randy Ross, CEO of Royal. “We look forward to working with the Horizon team, including founders Dan and Pete Badovinac, to become a more valuable partner to our customers through a broader product offering, additional technical capabilities, and increased tooling expertise.”
Horizon was advised by a multidiscipline team from CLA that included Ben Axelrod and Derek Murphy from CLA’s investment banking group; Erik Skie, Nick Romanelli, and Jessica Martin from CLA’s accounting and tax teams; Ed Morris from CLA’s business valuation group; and Mark Trittschuh from CLA Wealth Advisors.
CLA exists to create opportunities for our clients, our people, and our communities through industry-focused wealth advisory, outsourcing, audit, tax, and consulting services. With more than 6,100 people, 120 U.S. locations and a global affiliation, we promise to know you and help you. Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC, an SEC-registered investment advisor.