Global Power Equipment Group Inc. (Global Power) has acquired 100% of Hetsco, Inc. for US$32.5 million.
Global Power, with revenues of over US$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 life cycle services broadens Global Power's reach into industrial gas and oil and gas markets.
One of Oaklins' teams in the USA advised the buyer in connection with this transaction.
Michael S. Goldman
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