DALLAS, Aug. 31, 2015 – Capital Alliance Corp. (www.cadallas.com), a global mid-market investment bank, recently advised Heat Treating Inc. (HTI) on the sale of the company to a private investment group led by a former Capital Alliance client.
Heat Treating Inc., founded in 1995, offers a portable heat-treating service to multiple industries, including oil refineries and power plants. The company heat treats welded piping with its portable solution to make the piping stronger and more durable.
“It is a good, growing, profitable company, and we just needed to find the right buyer. We had a lot of interest in this company, and it was important to make sure we explored a complete range of buyers to ensure that our client received a fair price. We had a company from Sweden make an offer. We also had bidders from Louisiana and Illinois,” said Robert Jensen, principal with Capital Alliance, who represented the sellers in the transaction.
The previous owners will remain with HTI, Jensen said. They wanted to sell to someone with more financial and administrative expertise to help the company expand into other states and industries.
With the purchase, the new owners moved the company headquarters from Ohio to Belleview, Fla.
HTI operates a work force of approximately 100. In addition to the Florida headquarters, it also has locations in Ohio, California, and Alberta, Canada.
About Capital Alliance Corp.
Capital Alliance Corp. is a global middle-market investment banking firm, providing consulting services for mergers and acquisitions. The company represents client companies in a variety of markets, including energy, technology, construction and engineering, manufacturing and business services. Since its founding in 1976, the privately-held firm has completed more than 200 transactions with an aggregate transaction value in excess of $3 billion. For more than 25 years, Capital Alliance has been a member of M&A International, a membership organization of investment banking firms operating in the major economies of the world.
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