Levine Leichtman Capital Partners (“LLCP”) announced today that it has completed the sale of Dexter Magnetic Technologies, Inc. (“Dexter” or the “Company”) to Robert Family Holdings, Inc. (“RFH”). 

Dexter, headquartered in Elk Grove Village, IL, is a leading designer, manufacturer and provider of mission-critical, highly-engineered magnetic solutions. These complex, proprietary magnetic product assemblies are developed leveraging Dexter’s fully integrated design, engineering, optimization and manufacturing capabilities. Dexter serves a diverse set of end-markets with exceedingly high spec-thresholds including: industrial, medical, aerospace & defense, semiconductor, security and oil & gas.

Lauren Leichtman, CEO of LLCP, said, “We are very pleased with the outcome of this investment. The management team worked tirelessly to successfully grow the business through new product development, cutting edge engineering and expansion of the Company’s customer base. Dexter has a bright future ahead and we wish the management team and Robert Family Holdings continued future success.” 

Bob Brinley, President of Dexter, commented, “LLCP has been a tremendous partner by supporting our growth and key strategic initiatives. Their guidance and execution were truly invaluable to the Dexter management team over the course of the past seven years. We will sincerely miss working with the LLCP team but we are excited to enter our next phase of growth with RFH.” 

Lazard Middle Market LLC served as financial advisor and Honigman Miller Schwartz and Cohn LLP served as legal advisor to Dexter in connection with the sale.