Patriot Capital is pleased to announce a subordinated debt and equity co-investment in GT Technologies, Inc. (“GT” or the “Company”). Patriot’s investment, alongside senior debt from Bank of America, supported Industrial Opportunity Partners’ acquisition of GT in partnership with the Company’s current management team.
GT Technologies, founded in 1905, is an 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. The Company is headquartered in Westland, Michigan, with manufacturing and assembly operations in Toledo and Defiance, Ohio, Tallahassee, Florida and Curitiba, Brazil, and a prototype center in Millbury, Ohio.