PE-Backed MEGTEC Acquires Waterloo's TurboSonic Technologies
TurboSonic Technologies, Inc., a Waterloo, Ontario-based company that designs and supplies air pollution control and liquid atomization technologies to industrial customers, has been acquired by MEGTEC Systems Inc. of DePere, Wisconsin, which operates in the same industry sector. The financial terms of the transaction were not released. MEGTEC has been a portfolio company of US private equity firm Hamilton Robinson Capital Partners since the latter facilitated the company's emergence via a corporate carve-out deal in 2008.
8 February 2013•2 mins read
