M&A Deal Summary

Rocore Acquires CTI Industries

On June 1, 2015, Rocore acquired electrical equipment company CTI Industries

Acquisition Highlights
  • This is Rocore’s 1st transaction in the Electrical Equipment sector.
  • This is Rocore’s 1st transaction in Canada.
  • This is Rocore’s 1st transaction in Ontario.

M&A Deal Summary
Date 2015-06-01
Target CTI Industries
Sector Electrical Equipment
Buyer(s) Rocore
Deal Type Add-on Acquisition

Target

CTI Industries

Toronto, Ontario, Canada
CTI Industries, Inc. is a service provider focused on the highly specialized repair and refurbishment of heat exchangers and steam condensers.

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Buyer(S) 1

Buyer

Rocore

Indianapolis, Indiana, United States
Category Company
Founded 1984
Sector Manufacturing
DESCRIPTION

Rocore is a designer and manufacturer of heat exchangers and related equipment used to cool air, water, or oil for a variety of applications. Rocore maintains five operating facilities in the USA & one outside the USA, plus multiple sales offices. Rocore supplies a wide variety of heat exchange solutions, products and services into its identified end market segments. Rocore was founded in 1984 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2015) 1 of 1
Mergr

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