Oct 16, 2018

MCA invests in Ventech PRESS RELEASE BLOOMFIELD HILLS, Mich., Oct. 16, 2018 /PRNewswire/ — Michigan Capital Advisors (“MCA”), a private equity firm focused on the automotive and transportation-related industries, announced today that it has made an investment in Ventech, LLC (“Ventech”). Terms of the transaction were not disclosed. Ventech is the developer of the Liquid Heat Generator (“LHG”), a revolutionary mobile heating technology. LHG generates heated fluid instantaneously, abundantly and efficiently through a proprietary, innovative technology and helps solve key issues in many transportation and vehicle applications, including reduced idling, less fuel consumption and decreased emissions. Ventech offers solutions to a wide array of markets, including automotive OEM, automotive aftermarket, school bus, mass transit, industrial vehicle and equipment applications, diesel generators, and alternative energy. Based in Wixom, Michigan, Ventech will continue to be led by CEO Jeremy Sanger. MCA’s investment will be used to support Ventech’s continued growth strategy and pursuit of new opportunities. MCA’s investment in Ventech fits in the firm’s technology vertical, one of five industry sectors targeted by the firm. This is MCA’s third investment since its founding in 2017, including its investment in Fusion Coolant Systems, which was announced last week. “LHG has been proven to be a revolutionary technology, creating instant heat by way of mechanical energy to solve a common problem across the transportation industry,” said Chip McClure, MCA Managing Partner. “We are excited to partner with the Ventech team, providing an innovative solution to our target markets.” “MCA’s industry expertise and relationships open the door to new global opportunities and expand our sales reach as we transform manufacturing processes and drive the manufacturing industry forward with smart technology,” stated Mr. Sanger of Ventech. About Michigan Capital Advisors Michigan Capital Advisors is a Michigan-based private equity firm focused on the underserved Tier II and III suppliers in the automotive and transportation related industries with $20 – 200 million in revenue. Leveraging its deep industry expertise and relationships, MCA is focused on driving sustainable growth for its investments, utilizing longer hold periods and prudent leverage levels. For more information, please visit michigancapitaladvisors.com or contact Darrell Smith at [email protected] About Ventech Based in Wixom, Michigan, Ventech developed the Liquid Heat Generator (LHG), a revolutionary Rapid Auxiliary Heating System available for many vehicle applications. The Ventech LHG provides near instant heat for comfort and safety of the vehicle occupants, with vehicle warm up times typically reduced by over 50% or more. For more information, please visit ventechlhg.com.