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Farlie Turner Completes Sale of Dyno Holdco, LLC and Affiliates to Bunker Hill Capital
FORT LAUDERDALE, Fla. (May [xx], 2013) – Fort Lauderdale-based investment banking firm Farlie Turner & Co. is pleased to announce the sale of Dyno Holdco, LLC and its affiliates (collectively “Dyno”) to Bunker Hill Capital, a Boston-based private equity group. Dyno, a leading producer and marketer of sewing notions and holiday home décor and storage products, was a portfolio company of TG Capital Corp based in South Florida. Farlie Turner served as exclusive financial advisor to Dyno in its sale to Bunker Hill Capital, which closed on May 2, 2013. Terms of the transaction were not disclosed.
Headquartered in Pompano Beach, Florida, Dyno is the exclusive licensee of the Singer brand for sewing notions and accessories, including machine needles, sewing kits, scissors, quilting products and other sewing and crafting accessories. Dyno’s holiday products include tree stands, light-hanging kits, stockings, ornaments and other holiday home décor. Dyno sources product from a global supply chain and serves a distribution footprint of over 50,000 retail doors in the U.S.
“We appreciated Farlie Turner’s hard work, long hours, expert judgment and thoughtful guidance throughout the transaction process,” commented Jim Moynihan, CEO of Dyno. Mr. Moynihan, along with the Dyno management team, partnered with Bunker Hill Capital to continue to expand the business’s products, customers and national footprint.
“Farlie Turner delivered on their commitment to provide senior level attention throughout the sale process resulting in an attractive outcome for all participants. We feel fortunate to have had the opportunity to partner with Dyno’s management team for the past six years and, thanks to Farlie Turner’s relationships and efforts, we look forward to watching management and Bunker Hill continue to grow Dyno in the future,” commented Johnathan Robertson, President and Managing Director of TG Capital Corp.
“Dyno’s accomplished management team, strong product portfolio, outstanding product design team and market leadership made it an attractive opportunity for investment,” commented Mike Turner, a Managing Director at Farlie Turner. “Dyno represents another successful transaction for Farlie Turner in the consumer products sector,” he added.