Genstar Capital completed its acquisition of Boyd Corp from Snow Phipps.

Genstar Capital, a leading middle market private equity firm has completed its acquisition of Boyd Corporation, a global provider of precision-engineered, speciality material-based energy management and environmental sealing solutions from Snow Phipps, a private equity firm. Financial terms were not disclosed. “Genstar has a proven record of supporting and growing companies in the industrial sector and they share our belief in the continued long-term success of our company. Boyd has a strong position in a very large and highly fragmented market and we look forward to leveraging Genstar’s experience and additional capital to accelerate our plans for growth, both organically and through acquisitions. This transaction with Genstar is the best possible outcome for Boyd’s customers and employees.” Mitch Aiello, Boyd Corporation President and Chief Executive Officer.