MERGERS AND ACQUISITIONS
Yukon Partners, Minneapolis, said it had supported Hi-Tech Holdings LLC in its add-on acquisition of GCM Medical and OEM Inc. and Global Contract Manufacturing (Hong Kong) Ltd. (collectively known as "GCM"). Hi-Tech is a portfolio company of Yukon that is led by May River Capital, a Chicago private equity investment firm. The investor group included May River, the Pohlad family and Yukon in partnership with the senior management teams of Hi-Tech and GCM. Based in Union City, Calif., GCM is a supplier of contract manufacturing services to original equipment manufacturers in the medical, industrial, transportation and aerospace sectors. Hi-Tech, headquartered in Schiller Park, Ill., is a manufacturer of low- to medium-volume precision machined components and assemblies for the energy, medical, scientific laboratory and diversified industrial markets.
![Attendees of Frostbike made their way through the convention Saturday at the Quality Bike Products campus in Minneapolis. ] (AARON LAVINSKY/STAR TRIBUNE) aaron.lavinsky@startribune.com Frostbike 2016 was held at the Quality Bike Products Campus on Saturday, Feb. 27, 2016 in Bloomington, Minn.](https://arc.stimg.co/startribunemedia/NH2BSHB74ND2V6GF2G2HI5X4MM.jpg?&w=252&ar=3:2&fit=crop)
