
Two equipment attachment manufacturers, Universal Impact Technologies (UIT) and ATI Group's Level Best, are merging into one combined company, ATI Group Holdings.
The merger, which was led by private equity firm LDR Partners and financed by LDR Growth Partners Fund.
ATI, the combined organization, will be led by Mike Cardinal, previously CEO of UIT, who will now serve as CEO of the newly formed entity. Randy Schorn, also from UIT, will become chief commercial officer, and Bart Townsend, general manager of ATI Group, will take on the role of chief operating officer.
"This merger is not about acquisition; it is about collaboration—bringing more resources, expertise, and a shared commitment to quality and service," Cardinal said.
Townsend added, "This is an exciting moment for both teams as we come together to amplify our capabilities and deepen our commitment to serving our customers with innovative, high-quality products. By combining our strengths, we're well-positioned to create even greater value and maintain the exceptional standards our customers have come to expect."
Together, UIT and ATI aim to expand their value to the market while staying true to its roots in quality and innovation.
The announcement has been intentionally timed to ensure a smooth transition for customers, vendors, and partners, the companies said.