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Malaysia,United States : River Associates Investments sells IMI Holding to DNS Capital.

DNS Capital has announced the take over of IMI Holding Corp. (IMI Holdings), the parent company of Industrial Magnetics, Inc. (IMI), Prater Industries, Inc. and Sterling Controls, Inc., from River Associates Investments, LLC.

The transactions terms were not revealed. DNS Capital is the investment office and internal merchant bank for the business enterprise of Gigi Pritzker and Michael Pucker.

In the IMI team, we found true partners who we can be aligned with on a long-term basis, commented Michael Pucker, President and CEO of DNS Capital. Bud Shear and his team are first-class operators and we look forward to working with them to build upon the companys long and distinguished history.

My team and I are excited to have found a partner who understands the importance of preserving IMIs unique culture and approach to serving its customers and employees, added IMI CEO, Bud Shear. We look forward to a long and productive relationship with the DNS family.

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Publication:Mena Report
Date:Feb 18, 2016
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