Norwest Equity Partners announced Oct. 15 the company has acquired 100 percent of the stock of Attachment Technologies, also known as ATI, and the Pengo Corporation. NEP plans to retain ATI management and expand manufacturing, but will rename the company ATI Attachment Technology.
ATI is a manufacturer of attachments for skid steers, excavators, industrial tractors, trucks and compact equipment. Some of its major brands include Bradco, McMillen, The Major, Badger Attachments, C&P Attachments and Pengo.
NEP plans to expand the growth of ATI by focusing on organization and training, new products and manufacturing processes. The company also plans to pursue acquiring other companies that will help ATI expand the types of attachments it offers.