Cathay Capital Acquires Check Technology: Expanding Market Reach Through Strategic Partnership with IMT

Cathay Capital, a leading investment firm with over $5.4 billion in assets, recently acquired Check Technology, a manufacturer of heating and control systems based in Troy, Michigan. This acquisition was backed by Cathay Capital and aligns with their strategy of focusing on growing end markets and leveraging resources for growth.

IMT, an industrial technology platform that specializes in interface and control solutions, has recently brought Check Technology under its umbrella. The financial terms of the acquisition were not disclosed. This strategic move aims to capitalize on attractive markets and utilize management and operating resources to drive growth for Check Technology.

Mark Woods, a partner at Cathay Capital, expressed excitement about the acquisition, stating that the enhanced capabilities and extended market reach of Check Technology under the IMT umbrella present significant growth opportunities. This move is expected to bring together two companies with complementary strengths and expertise in the field of industrial technology.