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Irvine-based Laguna Tools Inc. has been acquired on undisclosed terms by New York private-equity firm Hudson Ferry Capital LLC.
Laguna Tools makes computer-controlled machines—such as grinders, mills and routers—for woodworkers.
“We are excited to be executing our growth plans and partnering with Hudson Ferry Capital,” said Laguna Tools founder and President Torben Helshoj. “They are experienced investors and we look forward to working with them as we continue to expand our product lines and grow our customer base.”
Helshoj, Chief Operating Officer Stephen Stoppenbrink and Vice President Catherine Helshoj retained significant equity ownership in the company.
Hudson Ferry targets lower-middle-market companies with enterprise values of $15 million to $75 million; annual revenue of $15 million to $75 million; and EBITA of $3 million to $12 million.
Helshoj founded Laguna Tools after he immigrated to Orange County from Denmark in 1983.