BAMA announces HTI Technology acquires Klauber

Charlotte, NC - Business Acquisition and Merger Associates ("BAMA") advises HTI Technology ("HTI") on their latest acquisition of Klauber Machine & Gear ("KMG"). This acquisition combines HTI's strengths in customized motor and motion control solutions with the gearing expertise of KMG. This transaction falls on the heels of HTI's recent acquisition of American Control Electronics (Sept. 2015).

"With this Klauber acquisition, we are able to bring world class gearing design and production capabilities into the HTI solutions family," said John Paul, CEO of HTI Technology. "By combining Klauber's very strong fractional horsepower gear motor products with ACE's drives and controls technology and HTI's AC, DC and Brushless DC motors and mechanisms offerings, we will be able to work with our global customers to understand their powered motion needs and to offer complete application engineered solutions to meet those needs."

"We are very pleased to have the opportunity to join Klauber's outstanding team and product capabilities with the HTI team," said Frank Parker, President of Klauber. "Both of these businesses have strong product offerings, high quality manufacturing capabilities, deep knowledge of our customers' applications, and dedicated and knowledgeable employees. As a combined business, we will be perfectly positioned to combine our strengths into innovative systems that meet our customers' needs, with the global scale to serve even larger markets. This is a great move for our customers and our business."

Klauber will continue to operate out of their Pacific, MO facility and Frank Parker will join HTI as both a board member and shareholder. The Company continues to place an emphasis on expanding their solutions base through continued product development and strategic acquisitions.

BAMA acted as advisor to HTI by sourcing both the KMG and ACE acquisitions and supporting transaction activities. RFE Investment Partners and Prisma Group provided capital for the acquisitions.

Business Acquisition & Merger Associates, a Charlotte, NC advisory firm, assists business owners in growth recapitalizations, business transfers to financial or strategic buyers, and management buyouts. BAMA also helps companies grow by providing buy-side sourcing services that identify potential add-on acquisitions to expand geographic footprint or add strategic products and capabilities.

HTI Technology designs and manufactures electric motors and complex engineering assemblies for companies across the globe. Their custom solutions combine high quality products with rigorous specifications to serve markets including appliance, industrial, water purification and agriculture, among others. The Company is headquartered in Nashville, TN.

Klauber Machine & Gear is a gear motor company based in Pacific, MO. Founded in the 1950's, Klauber began focusing on producing high quality gear motors in 1985. Klauber has a large range of fractional horsepower catalog gear motors that are designed to maximize flexibility in sourcing AC or DC powered units. Klauber routinely customizes gear motors to meet our customer's specific requirements.

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