Ropes & Gray represented American Industrial Partners in its sale of Virtek Vision International to AMETEK (NYSE:AME), a leading global provider of industrial technology solutions. Virtek will become part of AMETEK’s Electronic Instruments Group, a leader in advanced analytical, monitoring, testing, calibrating and display instrumentation. The sale was announced in an Oct. 31 press release. Financial terms were not disclosed.
American Industrial Partners is an industrials investor, with approximately $16 billion in assets under management. AIP is distinctively focused on industrial businesses across a broad range of end markets that include: aerospace and defense, automotive, building products, capital goods, chemicals, industrial services, industrial technology, logistics, metals & mining, and transportation, among others.
Virtek is a global leader in 3D laser-based projection, vision positioning, and AI-powered quality inspection systems.
The team was led by private equity partners Bob Rivollier and Doug Giannantonio and executive compensation & employee benefits partner Allie Alperovich.
Attorneys
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find out more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.