MTEC International was acquired by Polar Corporation, a portfolio company of Questor Partners. The principals of Quarton Partners acted as exclusive financial advisor to MTEC in the transaction, providing strategic divestiture advisory services.
MTEC International, based in Southfield, Michigan, is a manufacturer and distributor of light and medium duty trailer parts. MTEC distributes to the trailer manufacturing market, as well as to repair and re-fit providers for utility and special use trailers. Manufactured product includes axles, spindles, fenders, couplers and fastener kits.
Polar Corporation consists of three divisions, all leaders in their respective markets. Polar Tank Trailer is one of North Americas largest producers of dry and liquid bulk tank trailers; Polar Service Centers is a national parts, service, and sales network for all makes of heavy-duty vehicles and commercial tanks; and Rockwell American manufactures and sells parts and components for the light-duty trailer industry.