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Tinicum, L.P. announces acquisition of majority stake in Groupe Tornatech Inc.

Oct 10, 2024•about 1 year ago

Acquiring Company

Tinicum

Acquired Company

Tornatech

New YorkLavalManufacturingBuilding Material

Description

Tinicum, L.P. and its affiliated funds have acquired a majority stake in Groupe Tornatech Inc. The co-presidents Marc Goupil and Dominic Bergeron will retain a significant ownership stake in the company. Tornatech, a global designer and manufacturer of fire pump controllers, will continue its operations with a strong focus on long-term development and growth in partnership with Tinicum.

Company Information

Company

Tinicum

Location

New York, New York, United States

About

Tinicum, founded in 1974 as a family investment office, is a private partnership that manages a diverse group of manufacturing, distribution and industrial technology businesses. It seeks to be a trusted partner to business owners and executives who share its belief that long-term prosperity can be created by teams of competent, honest people working together and investing diligently to realize the potential of a great business.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed