Check Technology, a manufacturer of heating and control systems based in Troy, Michigan, was founded in 1993. Since then, the company has grown to become a major player in the industry.
In recent years, Cathay Capital has emerged as a major player in the world of finance. The company was founded in 2007 and has since grown to manage over $5.4 billion in assets.
Recently, Cathay Capital announced that it had acquired Check Technology. The financial terms of the acquisition were not disclosed, but it is clear that this strategic move represents a significant investment in the future of both companies.
Check Technology is an ideal fit for Cathay Capital’s strategy of focusing on growing end markets and leveraging resources for growth. As part of the IMT family, Check Technology will be able to tap into new markets and technologies that can help drive its continued growth and success.
Mark Woods, a partner at Cathay Capital, expressed excitement about the acquisition. “We are thrilled to welcome Check Technology into our portfolio,” he said. “The enhanced capabilities and extended market reach of Check Technology under the IMT umbrella present significant growth opportunities.” This strategic move aims to capitalize on attractive markets and utilize management and operating resources to drive growth for Check Technology.
