EagleTree takes majority stake in Airtech
EagleTree Capital has acquired a majority stake in Rutherford, New Jersey-based Airtech Group, a provider of specialized pressure technologies. The sellers included Airtech founder and CEO Tom Latsos. Northwestern Mutual Capital, Nuveen Private Markets and Thrivent Financial are among EagleTree's co-investors in the transaction. No financial terms were disclosed. McCarter & English LLP was legal adviser to Airtech on the deal while Jones Day did likewise for EagleTree. UPDATE: Although Latsos and other management shareholders are among the sellers in this deal, they will retain significant ownership stake in Airtech.
6 February 2018•3 mins read
