Universal Impact Technologies and ATI Group Merge to Form ATI Group Holdings

In a significant move within the industrial attachments sector, LDR Partners LP has successfully orchestrated a strategic merger between Universal Impact Technologies, Inc. (UIT) and ATI Group LLC, bringing together two industry leaders under a newly formed entity, ATI Group Holdings. This merger sees the integration of UIT's Hurricane Attachments and ATI's Level Best brands with the aim of enhancing product offerings and expanding market reach. The merger is financed by LDR Growth Partners Fund I LP, which focuses on manufacturing investments. Under the new leadership structure, Mike Cardinal, formerly the CEO of UIT, will serve as the CEO of ATI Group Holdings, while Randy Schorn will assume the role of Chief Commercial Officer, and Bart Townsend will become Chief Operating Officer. The merger is positioned as a collaborative effort rather than an acquisition, with a promise to leverage combined resources and expertise to deliver improved value to customers and deepen the companies' commitment to quality and innovation. UIT, known for its advanced industrial attachment solutions, and ATI Group, a leader in precision grading and landscaping attachments, aim to maintain their high standards through this merger, ensuring a smooth transition for all stakeholders involved.