Business Services, Industrials | Mergers & Acquisitions

Global Power Acquires IBI Power

  • TM Capital advised Global Power Equipment Group Inc. in its acquisition of IBI, LLC (IBI Power) for $19.5 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
  • IBI is a provider of custom power packaging and integration solutions, including switchgear enclosures, generator enclosures and industrial tanks
  • The addition of IBI to Global Power’s Koontz-Wagner packaged controls business extends Global Power’s reach into midstream oil and gas applications, switchgear OEMs and distributed power
  • This is the fifth transaction TM Capital has completed for Global Power

See Press Release