AETI sells American Access Technologies to Fabricating Technologies

American Electric Technologies, Inc. (AETI), a Houston supplier of power delivery products for the global energy industry, today announced it completed the sale of its American Access Technologies (AAT) business to Fabricating Technologies, LLC on August 15, 2014 for $2.3 million in cash. The sale did not include AAT’s real estate which was leased to the purchaser.

Based in Keystone Heights, Fla., AAT is a precision sheet metal fabrication services company primarily focused on the industrial and commercial markets in the greater Southeastern United States.

“AAT has great products and people, but it is not a strategic business for us,” said Charles Dauber, AETI president and CEO. “The sale gives AAT and its employees a new owner that can capitalize on the things AAT does well.”

-Bill O’Leary



No comments yet... Be the first to leave a reply!

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: