Denver-based buyout house Lion Equity Partners has bought aluminium component and copper tube maker Elkhart Tri-Went Industrial from Dutch manufacturer Aalberts.
ETI serves OEM customers in the automotive, air conditioning and refrigeration, water systems and industrial markets.
Lion Equity co-founder and partner Ari Silverman said, “Through its exceptional customer service, high quality products and talented employee base, ETI has distinguished itself as a trusted partner to bring complex, industrial solutions to the OEM market.
““ETI’s design expertise and FormCastTM proprietary manufacturing capabilities are key differentiators and provide a strong foundation for future growth, both organically and through strategic add-on acquisitions.”
Lion Equity is an operations-focused private equity firm specializing in corporate divestitures and special situations.
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