GT Exhaust Sold to AEA’s Industrial Acoustics Company

GT Exhaust has been sold to Industrial Acoustics Company, a portfolio company of private equity firm AEA Investors. GT was a portfolio company of CID Capital, a private equity firm based in Indianapolis, Indiana. Terms of the transaction were not disclosed.

PRESS RELEASE

Lincoln International, a leading global mid-market investment bank, is pleased to announce that GT Exhaust, Inc. (“GT” or the “Company”) has been sold to Industrial Acoustics Company, Inc. (“IAC”), a portfolio company of private equity firm AEA Investors LP. GT was a portfolio company of CID Capital, a private equity firm based in Indianapolis, Indiana. Terms of the transaction were not disclosed.

Founded in 1978 and based in Lincoln, Nebraska, GT is a leading provider of sound and emissions control solutions to the North American energy, power and heavy transportation industries. GT’s compelling value proposition has enabled it to achieve a leading share in the North American silencer market and a rapidly growing presence in emission products. The Company’s comprehensive product line, which includes silencers, catalytic converters, diesel particulate filters and related accessories, is used in new installation and retrofit applications for large stationary engines. Additional information is available at www.gtexhaust.com.

Lincoln International acted as the exclusive financial advisor to GT, working closely with the Company’s senior management team and CID Capital throughout the sale process. This included providing advisory expertise and managing the marketing, negotiation and due diligence phases of the transaction.

Scot Swenberg, Managing Director at CID Capital, commented, “through an aggressive, global marketing effort and unique insights into the buyer universe, drawn from several prior transactions in the exhaust and emissions space, Lincoln created a highly competitive process resulting in attractive alternatives for the shareholders with a very favorable outcome. Lincoln’s execution expertise, industry knowledge, and process guidance proved invaluable throughout the sale process.”

Ed Osborn, CEO of GT, added, “Lincoln’s strong understanding of our business enabled them to share our story in a compelling way and their guidance throughout the sale process resulted in an exceptional outcome. IAC is the ideal partner for GT and provides the platform for our North American business to operate on a global level.”

About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With thirteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest.

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