AMSTERDAM, NY, August 9, 2021 – HCI Equity Partners announced today the sale of Power and Composite Technologies, LLC (“PCT”) to The Gund Company on July 30, 2021. The Gund Company is a vertically integrated manufacturer and fabricator of engineered material solutions primarily for the metals processing, oil & gas, aerospace, and industrial markets. Financial terms were not disclosed.
Headquartered in Amsterdam, New York, PCT designs, manufactures and sells a broad range of highly engineered, custom composite components and solutions. The products are used in a variety of industry segments and applications including power generation, rotating equipment, medical imaging devices and x-ray system components and accessories, railcar construction, hydraulic fracturing in oil & gas extraction and a variety of other industrial composite applications.
DC Advisory served as PCT’s financial adviser and McDermott Will & Emery served as its legal counsel.
About The Gund Company
The Gund Company is a vertically integrated manufacturer and fabricator of engineered material solutions. It operates 9 facilities worldwide, including a materials testing laboratory in Milwaukee, WI and its world headquarters in St. Louis, MO. For more information, please visit www.thegundcompany.com.