Global Power Equipment Group Inc has acquired IBI, LLC (IBI Power)
Global Power Equipment Group Inc. (Global Power) has acquired IBI, LLC (IBI Power) for US$19.5 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.
IBI Power is a provider of custom power packaging and integration solutions, including switchgear enclosures, generator enclosures and industrial tanks. The addition of IBI Power 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.
One of Oaklins' teams in the USA advised the buyer in this transaction.
Talk to the deal team
Michael S. Goldman
Oaklins TM Capital
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