Lion Equity Partners, a Denver-based private equity firm, has acquired metal fabrication company, Elkhart Tri-Went Industrial. ETI manufactures extruded aluminum components and fabricated copper tubes for a variety of industrial markets.
The company was acquired from Aalberts N.V., a Netherlands-based manufacturer of mission critical technologies. Elkhart Tri-Went Industrial is based in Indiana, with manufacturing facilities in Tennessee and Ontario.
“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,” said Ari Silverman, partner and co-founder of Lion Equity Partners. “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.”
Joe Headdy, president of ETI, said, “What an amazing time for Elkhart Tri-Went Industrial, our partners, employees, and communities. This investment by Lion Equity is validation that our workforce, technical capabilities and product offerings are truly valued in the OEM market. We look forward to better serving our customers, employees, and stakeholders through targeted investments in capital equipment, growing the workforce, and positioning ETI to thrive in the markets we serve. ETI is excited about this opportunity as we celebrate the rich history of our company and the bright future ahead of us.”