Business Acquisition & Merger Associates advises HTI Technology on acquisition of American Control Electronics

Charlotte, NC - Business Acquisition and Merger Associates ("BAMA") advises HTI Technology ("HTI") on their acquisition of American Control Electronics ("ACE"). Together, these motor companies' complementary technology capabilities will provide customers better solutions for their power applications.

"We are very excited to join HTI's mechanism and motor capabilities with American Control Electronics' extensive motor drives and electronic controls offerings. Both of these businesses have very strong technology, deep knowledge of our customers' applications, and dedicated and knowledgeable teams. Together, we will be even better positioned to combine these strengths into innovative packages that solve our customers' needs," noted John Paul, CEO of HTI Technology.

John Hegel, CEO of ACE, added "This is a very exciting opportunity for our people and our company. HTI's global reach will allow our products access to many new markets across the world. Their infusion of capital will also create opportunities for technology expansion."

BAMA acted as advisor to HTI by sourcing the opportunity and supporting transaction activities.

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.

American Control Electronics, parent company for the Minarik Drives brand, designs and produces a variety of AC and DC electronic control systems and power products for the industrial, commercial, electric vehicle, medical and home automation markets. They will continue to operate out of their South Beloit, IL location.

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