Woodmere private equity firm Edgewater Capital Partners has acquired Turbonetics Inc., a unit of Kelly Aerospace, based in Simi Valley, Calif.
Turbonetics makes aftermarket turbochargers, heat exchangers, controls and related products for high-performance cars.
Terms were not disclosed.
Cleveland law firm Kahn Kleinman LPA was counsel for Edgewater in the transaction.
Crain’s Cleveland Business – January 22, 2007
By SHAWN A. TURNER