Katech Builds Financial Strength Following Acquisition
Katech, one of the world’s premier performance engine and vehicle builders, today announced it has been acquired by Braemar Energy Ventures. Terms of the deal were not disclosed.
“Today’s announcement is a new chapter for Katech,” said Katech President Steve Spurr. “We have a strong 40-year history of innovation, and now with the acquisition we are poised for an even stronger future. We have established relationships with major auto manufacturers that are flourishing, a growing base of customers looking for high-performance Katech-engineered products, four decades of motorsports success, and an emerging pipeline of new performance products. The future is bright for Katech.”
Don Tappan, vice president with Braemar Energy Ventures, said, “Katech is a well established brand and highly reputable automotive supplier delivering innovative products that it proves on the track. We see tremendous opportunities ahead for Katech.”
Based in metropolitan Detroit, Katech is one of the world’s premier performance engine and vehicle builders. Katech is celebrating its 40th anniversary this year. For more information call 866-KATECH1 or visit katechengines.com. Follow Katech on Facebook Instagram at and Twitter or check out TheKatechNetwork.com.
About Braemar Energy Ventures
Braemar Energy Ventures, with over $600M under management, invests across the energy technology sector. The firm’s principals have invested in over 70 companies in the energy and industrial sectors since the mid-1980s. Braemar has invested in key shifts in the energy markets, including grid management, renewable energy production and shared mobility. Additional information is available at BraemarEnergy.com or on Twitter at Twitter.com/BraemarEnergy or @BraemarEnergy.