Industrial Opportunity Partners buys GT Technologies
Industrial Opportunity Partners said Feb. 7 that it acquired GT Technologies Inc. Financial terms weren’t announced. American Securities was the seller. GT Technologies, of Westland, Michigan, supplies custom-engineered gasoline and diesel engine valve train actuation components and assemblies to the global automotive, heavy duty truck and off-road vehicle industries. Houlihan Lokey acted as financial advisor to GT Technologies. Bank of America and Patriot Capital provided financing, and Winston & Strawn LLP provided legal representation to IOP in the transaction.
7 February 2017•3 mins read
