Houlihan Lokey Advises AIAC on the Sale of Neotiss

Houlihan Lokey is pleased to announce that Neotiss Group (Neotiss), a portfolio company of American Industrial Acquisition Corp. (AIAC), has been acquired by Wieland Group (Wieland). The transaction closed on 2 October 2026.

Founded in 1976 and headquartered in Issy-les-Moulineaux, France, Neotiss is a provider of heat-transfer solutions and a leading manufacturer of high-performance smooth and finned tubes for demanding applications in the nuclear, energy, and process industries. Neotiss is one of the world’s leading specialists in welded smooth and finned tubes made from titanium, stainless steel, and nickel alloys. Its products are used in highly demanding applications where maximum efficiency, corrosion resistance, and operational reliability are essential. The company operates manufacturing facilities in France, the United States, and China and employs approximately 370 people.

AIAC is a diversified industrial company with manufacturing, distribution, and administrative operations across 24 countries in North America, Europe, Africa, Asia, and Australia. Its portfolio comprises industrial businesses serving a broad range of end markets, including aerospace and defence, power generation, and other industrial applications.

Wieland is one of the world’s leading suppliers of semi-finished copper and copper alloy products. With a global network of more than 80 production sites, service, and trading companies, the company offers a broad product, technology, and service portfolio. From prototype to series production, Wieland develops solutions for automotive, aerospace, electronics, refrigeration, air conditioning, and many other industries.

Houlihan Lokey served as the exclusive financial advisor to AIAC on the sale of Neotiss. The transaction highlights Houlihan Lokey’s ability to deliver bespoke solutions for its clients supported by its deep sector expertise.

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