Tinicum Acquires Controlling Interest in Groupe Tornatech
October 10, 2024
Tinicum, L.P. has acquired a controlling interest in Groupe Tornatech Inc., a Laval, Quebec-based designer and manufacturer of fire pump controllers. Tornatech's co-presidents will retain a significant ownership stake and the company will partner with Tinicum to invest in its team, product offering, capabilities, and facilities to support global growth; financial terms were not disclosed.
- Buyers
- Tinicum, L.P. (affiliated funds managed by Tinicum Incorporated)
- Targets
- Groupe Tornatech Inc. (Tornatech)
- Industry
- Manufacturing
- Location
- Quebec, Canada
- Transaction Type
- Buyout
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