#None #Cathay Capital #Innovative Motion Technologies #TPG Twin Brook

Innovative Motion Technologies Secures New Financing

Innovative Motion Technologies (IMT), a prominent player in the global industrial technology landscape, has successfully completed the closing of a new senior credit facility spearheaded by TPG Twin Brook. This significant financing event is pivotal as it aims to facilitate IMT's ongoing growth strategies and enhance its acquisition endeavors across a variety of sectors including healthcare, industrial, HVAC, and utilities.

The new credit facility serves not only to bolster IMT's financial framework but also provides the company with the necessary flexibility to make strategic investments in its comprehensive platform. This initiative highlights the firm’s commitment to expanding its engineering capabilities, pursuing synergistic acquisitions, and enhancing its product range across crucial markets such as healthcare and energy management.

Rich Weeden, CEO of IMT, expressed enthusiasm about the new financing, stating, "This financing enables us to continue investing in the business while expanding our product offering across both existing and new end markets." He underscored the importance of enhancing customer support and driving growth across IMT’s diversified markets.

In addition, CFO Andrew Hartinger shared his satisfaction regarding the partnership with TPG Twin Brook, explaining that it significantly increases IMT’s capacity to execute their buy-and-build strategy effectively. This positive sentiment among leadership reflects a robust confidence in the company's trajectory moving forward.

Mark Woods, Partner at Cathay Capital, which supports IMT, noted the transformation of the company into a leading global platform specializing in interface and control technologies. This transformation is a result of effective management and a strategic focus on delivering engineering excellence and a broad portfolio tailored to multiple industries.

The financial dynamics surrounding this new credit facility not only suggest IMT’s readiness to capitalize on growth opportunities but also its vision for long-term value creation. The facility will allow the company to enhance its capabilities, diversify its offerings, and solidify its market position in a competitive landscape.

Interestingly, Piper Sandler acted as the sole debt placement agent on this significant transaction, illustrating their confidence in IMT's strategic direction.

About Innovative Motion Technologies

Innovative Motion Technologies is recognized for its advanced motion control and interface solutions, addressing a range of OEM and aftermarket applications with a diverse portfolio of highly engineered products. IMT operates through a selection of brands that cater to numerous markets on a global scale, clearly underlining its expansive and versatile presence in the industrial technology sector. For further details on their offerings, visit IMT Brands.

About Cathay Capital

Cathay Capital stands as a reputed private equity and venture capital firm with a wide-ranging focus across healthcare, technology, and consumer industries. With over $5.5 billion in assets under management, it has established a commendable track record of supporting middle-market companies and startups in their pursuits for growth and sustainable innovations. The firm's rich entrepreneurial heritage aligns well with its vision of fostering market-leading companies that impact various sectors positively. For more information, head to Cathay Capital.