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Global, Industrials | Mergers & Acquisitions

Global Power Divests Deltak to Hamon

  • TM Capital negotiated the cross-border divestiture by Global Power Equipment Group of Deltak LLC to Belgium-based Hamon & Compagnie for $31 million in cash
  • Global Power (NASDAQ: GLPW), with revenues of over $500 million, provides equipment and services to the global power infrastructure, energy and process industries
  • Deltak, a subsidiary of Global Power, is a longstanding leader in the design and construction of custom waste heat recovery solutions for industrial and power generation markets
  • Hamon & Compagnie (ENXTBR: HAMO), with revenues of $450 million, manufactures, engineers and installs specialty equipment used in power generation, oil & gas and other industries

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Global Power Divests Deltak to Hamon

TM Capital assisted Global Power Equipment Group in negotiating the divestiture of its subsidiary, Deltak LLC, to Belgium-based Hamon & Compagnie for $31 million in cash

Details

For more information, contact our industrials team at:

industrials@tmcapital.com