Funds managed by Patriarch Partners, LLC, a New-York-based private equity platform, acquired Hussey Copper in December, 2011.
In announcing the acquisition, Patriarch CEO Tilton said, “We believe in American manufacturing, and we are committed to the preservation of jobs in our nation’s heartland industries. As the premier copper manufacturer in the United States, Hussey demonstrates our conviction that the path to solving our nation’s economic woes is to be the maker of innovative, quality products for today’s global marketplace.”
Lynn Tilton is the Founder and CEO of Patriarch Partners LLC, a holding company with investments in more than 75 companies across 14 industry sectors. Ms. Tilton is passionate about saving American jobs by saving American companies. Since 2000, through affiliated investment funds, Tilton has had ownership in and restructured more than 200 companies with combined revenues in excess of $100 billion, representing more than 675,000 jobs. Current investments include Dura Automotive, Spiegel Catalogs, MD Helicopters, Rand McNally, and Stila Cosmetics. Tilton’s platform is the largest woman-owned business in the country.
In 2010, Automotive News named her one of 100 Leading Women in the automotive industry. In 2011, Ms. Tilton was named Entrepreneur of the Year by the Living Legends of Aviation, the first female in history to receive such distinction and in 2012, she was inducted into the Living Legends of Aviation Hall of Fame. She was also honored with the Luminary Award presented by Womensphere, an award given to “the woman whose leadership, innovation, and personal commitment has illuminated and inspired the lives of millions, and positively transformed the world.” In 2012, in her capacity as the CEO of Dura Automotive, The Women’s Business Enterprise Council – Great Lakes presented Ms. Tilton with the Role Model & Mentor of the Year Award. Ms. Tilton was the subject of a Barbara Walters’ 20/20 special discussing her mission of saving American jobs, and a Made in America segment with Diane Sawyer on ABC’s World News Tonight. In 2013, she received the 12th Annual Women Who Care award presented by The United Cerebral Palsy Foundation, and received top honors at XPrize’s Visioneering 2013 event for conceiving ‘X2-The Mother of All Prizes’, a prize created by Tilton that enhances the purse for any XPrize team that is comprised of at least 50% women. Additionally, she helped formulate the incentivized XPrize to improve cognitive function in the battle against Alzheimer’s disease. CNBC and its viewers recently named Tilton one of the 100 Most Influential Names in Business over the last 25 years.
Ms. Tilton earned a BA in American Studies from Yale University, and an MBA in Finance from Columbia University.