DNS Capital announces the acquisition of IMI Holding Corp. (IMI Holdings), the parent company of Industrial Magnetics Inc.(IMI), Prater Industries Inc., and Sterling Controls Inc., from Chattanooga-based private equity firm, River Associates Investments LLC.
Terms of the transaction were not disclosed. DNS Capital is the investment office and internal merchant bank for the business enterprise of Gigi Pritzker and Michael Pucker.
Headquartered in Boyne City, MI, IMI is a leading provider of highly engineered solutions for magnetic separation and material handling, particle processing, and process automation applications. The company’s products are used to handle, separate, lift, and process a diverse array of materials across a range of markets. Applications of the company’s expertise include metal removal, ingredient/particle sorting and sizing, and product purity/quality control. IMI serves a number of industries, including food processing, industrial MRO, conveying, bulk material, and aggregate handling and recycling, among others. IMI’s products and solutions improve operating efficiency, reduce costs, increase product purity and safety, and protect manufacturing equipment from damage and degradation.
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