CID Capital said Monday it has exited its investment in GT Exhaust. The buyer is Industrial Acoustics Co., a portfolio company of AEA Investors. Financial terms weren’t announced. Lincoln, Neb.-based GT provides sound and emissions control solutions to the North American energy, power and heavy transportation industries.
PRESS RELEASE
CID Capital is pleased to announce that it has successfully exited its investment in GT Exhaust, Inc. 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.
GT was acquired by Industrial Acoustics Company, Inc. (“IAC”), a portfolio company of the private equity firm AEA Investors, LP.
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