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Add-on acquisition Closed Jan 2022

IMT/Raffel Systems (Cathay Capital platform) acquires Micro-Air

Relationship map

Relationship map for IMT/Raffel Systems (Cathay Capital platform) acquires Micro-Airbacksparent ofCathay Capital: Pe FirmCCCathay CapitalInnovative Motion Technologies: PlatformIMInnovative Motion Tec…Micro-Air: Operating CompanyMAMicro-Air
Operating CompanyPe FirmPlatform

Parties

Acquirer
Innovative Motion Technologies
Platform
Target
Micro-Air
Operating Company
Sponsor
Cathay Capital
Pe Firm

Summary

Innovative Motion Technologies, parent of Raffel Systems and a platform backed by PE firm Cathay Capital, acquired Micro-Air, a maker of electronic controls for HVAC applications in RV, marine, and residential markets.

Primary source