GT Technologies, Inc.
IOP Fund II
Acquisition Date: | February 2017 |
Status: | Current |
Headquarters: | Westland, MI |
Add-on Acquisitions: | 2018 – Betty Machine |
Description
International supplier of custom-engineered gasoline and diesel engine valvetrain actuation components and assemblies to the global automotive, heavy duty truck and off-road vehicle industries. The company’s products include rollers, roller finger followers (RFFs), hydraulic lash adjusters (HLAs), stamped rocker arms, roller tappets and valvetrain actuation assemblies.
Operating Thesis
Provide support to existing management team
Create fundamental improvement in operating performance:
- Enhance international presence
- Augment product development and technology
- Execute cost-savings initiatives
- Capitalize on existing and future growth opportunities with new and existing customers