Novacap-backed Nitrex completed the acquisition of G-M Enterprises.

Private equity firm Novacap-backed Nitrex, a provider of fully integrated heat-treating solutions and technologies, completed the acquisition of G-M Enterprises, a provider of vacuum furnaces. Financial terms were not disclosed. The acquisition is in line with Nitrex's strategy to further expand its integrated heat treatment solutions offering to its customer base while strengthening its product portfolio. "This acquisition will allow Nitrex to bolster its turnkey solutions business by bringing a new, innovative and broader mix of heat treatment systems to our customers. We also look forward to welcoming the entire G-M Enterprises' team into the Nitrex family," Jean-Francois Cloutier, Nitrex CEO.