#United States #LDR Partners #UIT #ATI Group #New Holland

Major Merger in Industrial Attachments Industry

Overview of the Merger
LDR Partners LP, a Houston-based private equity firm, recently announced the completion of a significant merger between two leading companies in the industrial attachments sector: Universal Impact Technologies, Inc. (UIT) and ATI Group LLC. This union aims to harness the combined strengths of both firms to provide enhanced products and services to their customers.

This strategic move brings together UIT's Hurricane Attachments brand, known for innovative solutions in concrete breaking, and ATI's renowned Level Best products, which excel in grading and landscaping applications. The merged entity will operate under the name ATI Group Holdings (ATI).

Company Leadership
Leading the new organization is Mike Cardinal, former CEO of UIT, who assumes the role of Chief Executive Officer. He will be joined by Randy Schorn, now serving as Chief Commercial Officer, along with Bart Townsend, the General Manager of ATI Group, who takes on the position of Chief Operating Officer. Together, they form a cohesive leadership team that promises to drive the company toward innovative growth while ensuring the highest standards of quality.

Product Innovations
Among UIT’s notable products is the Hurricane Drop Hammer HD3700, designed for high productivity and low maintenance when breaking flat concrete—a task in which it excels over traditional hydraulic hammers. This product can be utilized with various machinery, such as skid steers or excavators, making it versatile for industrial sites, parking lots, and even runways.

On the other hand, ATI's Level Best GB Series Grader Blade enhances operational capabilities. The GB108 model is particularly noteworthy for its ability to cut turf efficiently while being compatible with both compact track loaders and skid steers.

Strategic Goals and Commitment
The merger is not merely an acquisition; it’s a commitment to collaboration and innovation. Cardinal expressed enthusiasm about the shared journey, emphasizing the importance of leveraging both companies' knowledge and resources to create unparalleled value for clients and partners.

Bart Townsend echoed these sentiments, acknowledging that the collaboration would deepen their commitment to delivering high-quality products and services. He believes that by joining forces, they are well-positioned to elevate customer value while maintaining the exceptional quality that clients expect from both companies.

Customer Relationship Focus
UIT and ATI remain dedicated to serving their customers diligently during this transitional phase. By prioritizing collaboration and growth, they aim to build trust with customers, vendors, and partners. This merger has been meticulously crafted to ensure a seamless transition, maintaining focus on relationship management and service excellence.

Background Information on UIT and ATI
Universal Impact Technologies has established its reputation for advanced industrial attachment solutions, particularly in the concrete breaking sector, where it has been a prominent player since its inception in 1989. The company is recognized for its persistence in innovation, having developed several acclaimed products, including the PowerSledge and RockBreaker ranges.

Similarly, ATI Group, founded in 1978 in New Holland, Pennsylvania, has made a name for itself in the precision grading and landscaping attachment market. Its innovative spirit led to the debut of the Preseeder® in 1984, a product that revolutionized landscaping efficiency, along with a range of other successful products over the years.

Conclusion
The merging of UIT and ATI Group marks a transformative moment for both organizations and the industry at large, bringing forth a synergistic partnership that is expected to redefine market standards in industrial attachments and service quality. Both companies are excited to take this next step together, ensuring that their long-standing commitments to quality and innovation are carried forward into this new chapter.