Tri-Went, Inc. and Tri-Went Industries Limited sold to Elkhart Products Corporation, an Aalberts Industries N.V. Company
Elkhart Products Corporation, an Aalberts Industries N.V. company, has acquired Tri-Went, Inc. and Tri-Went Industries Limited, a leading fabricator of high quality custom tubular parts used for heat transfer. Tri-Went has locations in Knoxville, Tennessee and Ajax, Ontario. EdgePoint served as the exclusive sell-side advisor to Tri-Went. Terms of the transaction were not disclosed.
For over 45 years, Tri-Went, Inc. and Tri-Went Industries Limited have been fabricating high-quality specialty tubular parts. The business focuses on short-run, specialty parts that require a high degree of difficulty to produce using a variety of metals and alloys. Markets served include: HVAC, medical devices, data/telecom, and power generation, amongst others.
Headquartered in Elkhart, Indiana, Elkhart Products Corporations is one of the world's largest manufacturers of wrot copper fittings. The company is also a supplier of custom fabricated tubular products to original equipment manufacturers in several industries, including automotive and air conditioning and refrigeration.
Aalberts Industries N.V. is a $4 billion publically-traded industrial company headquartered in Langbroek, The Netherlands focusing on building installations, climate control, industrial controls, and industrial services. The company generates more than $2 billion of revenue with 14,700 employees in more than 30 countries.
EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.