K.R. Abraham & Co acquires InTouch Automation, Inc.
Livingstone is pleased to announce the successful raising of financing to support K.R. Abraham & Co.’s acquisition of InTouch Automation, Inc. First Midwest Bank provided the acquisition financing. Headquartered in Wixom, MI, InTouch designs and manufactures assembly, function test, and calibration equipment used in the production of automotive seating components. Since its founding in 2006, InTouch has become a trusted provider for tier I automotive seating suppliers.
“When selecting an adviser, we wanted someone who understood the Automotive space as well as our diversified holding company strategy,” said K. Robin Abraham, President of KRA. “The First Midwest Bank solution was appealing and their demonstrated knowledge of the space as well as their desire to support our continued growth made them the ideal partner.”
“The InTouch financing builds on Livingstone’s expertise in both the automotive and testing sectors. We believe that having an adviser with sector-specific transaction experience can make all the difference in helping clients to find a solution that will adequately address the needs of their business,” commented Livingstone Chicago’s Debt Advisory Director Tom Lesch.
The KRA transaction adds to Livingstone’s growing list of clients in the automotive supply and metals sectors including JD Norman Industries, Inc., Die Cast Holdings, Inc., Acme Refining Scrap Iron & Metal Company, Inc., TriEnda Holdings, LLC, and Martin Transportation Systems, Inc.