Industrial Opportunity Partners’ acquisition of GT Technologies, Inc.


Pinheiro Neto, Winston & Strawn and Montgomery & Associados have advised on the deal

Industrial Opportunity Partners (“IOP”), an operations-focused private equity firm based in Evanston, Ill., today announced that it has acquired GT Technologies, Inc. (“GT Technologies” or the “Company”), in partnership with the current management team. Terms of the transaction were not disclosed.

GT Technologies, founded in 1905, is an international supplier of custom-engineered gasoline and diesel engine valvetrain actuation components and assemblies to the global automotive, heavy duty truck and off-road vehicle industries. The Company’s products include rollers, roller finger followers (RFFs), hydraulic lash adjusters (HLAs), stamped rocker arms, roller tappets, and valvetrain actuation assemblies. The Company is headquartered in Westland, Mich., with manufacturing and assembly operations in Toledo and Defiance, Ohio, Tallahassee, Fla. and Curitiba, Brazil, and a prototype center in Millbury, Ohio.

IOP is partnering in its investment with Paul Schwarzbaum, GT Technologies’ President and CEO, and the Company’s management team, all of whom have ownership interests and will remain in their current leadership roles. In addition, Phil Fioravante, an IOP Operating Principal, will assume the position of Chairman. Dr. Fioravante is a member of IOP’s Board of Operating Principals which is comprised of seasoned executives who provide leadership to the businesses in which IOP invests.

In Brazil, Pinheiro Neto Advogados has advised Industrial Opportunity Partners with Guilherme Leite (Picture), Alexandre Rios, Fabio Contente and Francisca Pereira.

In Chicago, Winston & Strawn has advised Industrial Opportunity Partners with Gregory J. Bynan and David J. Bauer.

Montgomery & Associados has advised GT Technologies Inc. with a team including Neil Montgomery, Pedro Cafaro, Rosana Pilon Muknicka, Flavio Igel, Eduardo Tunchel, Helena Calderano, Eduardo Ludmer, Vera Allyne Verdi, Rosana Yoshimi Tagusagawa and Lais Kim.

Involved fees earner: Neil Montgomery – Montgomery & Associados ; Lais Ki Soon Kim – Montgomery & Associados ; Pedro Cafaro – Montgomery & Associados ; Rosana Yoshimi – Montgomery & Associados ; Vera Allyne do Prado Verdi – Montgomery & Associados ; Rosana Pilon Muknicka – Montgomery & Associados ; Eduardo Ludmer – Montgomery & Associados ; Helena Calderano – Montgomery & Associados ; Flávio Igel – Montgomery & Associados ; Eduardo Tunchel – Montgomery & Associados ; Gregory Bynan – Winston & Strawn; David Bauer – Winston & Strawn; Guilherme Leite – Pinheiro Neto; Alexandre Carvalho Pinto Rios – Pinheiro Neto; Fabio Amaral Contente – Pinheiro Neto;

Law Firms: Montgomery & Associados ; Winston & Strawn; Pinheiro Neto;

Clients: Industrial Opportunity Partners; GT Technologies Inc.;

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Author: Ambrogio Visconti.