BLOOMFIELD HILLS – Michigan Capital Advisor has made an investment in Ventech, the developer of the Liquid Heat Generator technology used by auto OEMs, Alternative Energy providers and Equipment applications. Terms of the deal were not disclosed.
The Ventech LHG provides near instant heat for comfort and safety of the vehicle occupants, with vehicle warm up times typically reduced by over 50 percent or more.
“MCA’s industry expertise and relationships open the door to new global opportunities and expand our sales reach as we transform manufacturing processes and drive the manufacturing industry forward with smart technology,” said Jeremy Sanger, CEO and founder of Ventech. Sanger continues to led Ventech.
Sanger said MCA’s investment will be used to support Ventech’s continued growth strategy and pursuit of new business opportunities.
MCA’s investment in Ventech fits in the private equity capital company’s technology vertical, one of five industry sectors targeted by MCA, the company said in a press release. This is MCA’s third investment since its founding in 2017, including its investment in Fusion Coolant Systems announced last week.
“LHG has been proven to be a revolutionary technology, creating instant heat by way of mechanical energy to solve a common problem across the transportation industry,” said Chip McClure, MCA Managing Partner. “We are excited to partner with the Ventech team, providing an innovative solution to our target markets.”
Michigan Capital Advisors is a Michigan-based private equity firm focused on the Tier II and III suppliers in the automotive and transportation related industries from $20 million to $200 million in revenue. Leveraging its deep industry expertise and relationships,
For more information, please visit michigancapitaladvisors.com or contact Darrell Smith at firstname.lastname@example.org.