Business Services, Industrials | Mergers & Acquisitions

Global Power Acquires Hetsco

  • TM Capital advised Global Power Equipment Group Inc. in its acquisition of Hetsco, Inc. for $32.5 million
  • Global Power (NASDAQ: GLPW), with revenues of over $450 million, is a design, engineering and manufacturing firm providing a broad array of equipment and services to the global power infrastructure, energy and process industries
  • Hetsco is a leading global provider of mission critical brazed aluminum heat exchanger repair, maintenance and safety services to the industrial gas, liquefied natural gas and petrochemical industries
  • The addition of Hetsco’s lifecycle services broadens Global Power’s reach into industrial gas and oil and gas end markets and its highly-skilled welders bolster Global Power’s service capabilities for utility customers
  • This is the fourth transaction TM Capital has completed for Global Power

See Press Release