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

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.

“Innovative Motion Technologies (IMT), the parent company of Raffel Systems, announced that it has acquired Allentown, NJ-based Micro-Air, a designer and manufacturer of electronic controls for heat and air conditioning applications in the RV, marine, and residential industries.”

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