Innovative Motion Technologies (IMT), a global industrial technology platform and portfolio company of Cathay Capital, announced the closing of a new senior credit facility led by TPG Twin Brook to support the company’s continued growth and acquisition strategy.
The financing is designed to strengthen IMT’s capital structure while providing additional flexibility to invest in its vertically integrated platform, expand engineering capabilities, pursue strategic acquisitions, and broaden its product offerings across diversified end markets, including healthcare, industrial, HVAC, and utilities. TPG Twin Brook served as the sole lender on the transaction.
IMT said the new facility will support its ongoing buy-and-build strategy as the company continues scaling its global platform focused on advanced motion control and interface solutions for OEM and aftermarket applications.
Rich Weeden, CEO of IMT, said the financing will help the company continue investing in the business while expanding its offerings across both existing and new markets.
Andrew Hartinger, CFO of IMT, said the company was pleased to complete the financing with a top-tier lending partner that provides significant capacity to execute IMT’s long-term acquisition strategy.
Mark Woods, Partner at Cathay Capital, said IMT has evolved into a differentiated global platform in interface and control technologies with strong engineering capabilities and a diversified footprint across attractive end markets. Woods added that the financing enhances IMT’s ability to accelerate growth and execute its long-term value-creation strategy.
IMT operates through a family of brands and supplies highly engineered motion-control and interface products to customers worldwide across multiple industries.
Support: Piper Sandler served as the sole debt placement agent for the transaction.
KEY QUOTES:
“This financing enables us to continue investing in the business while expanding our product offering across both existing and new end markets. We remain focused on building on our platform, supporting customers across our diversified end markets, and driving continued growth across the business.”
Rich Weeden, CEO, Innovative Motion Technologies
“We are pleased to have completed this financing with a top-tier lending partner, which provides significant capacity to execute IMT’s buy-and-build strategy.”
Andrew Hartinger, CFO, Innovative Motion Technologies
“Since our investment in IMT, the Company has evolved into a differentiated global platform in interface and control technologies, supported by best-in-class engineering and a scaled, diversified footprint across attractive end markets. This financing enhances IMT’s ability to accelerate growth and deliver on its long-term value creation strategy.”
Mark Woods, Partner, Cathay Capital
