Capstone Partners served as exclusive financial advisor to Global Power Equipment Group Inc. in the sale of Hetsco, Inc. to Chart Industries, Inc. (NASDAQ:GTLS).
Global Power, with revenues of over $400 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 provides specialty welding services for industrial gas and gas processing facilities including mission critical repair, specialty maintenance, construction / fabrication and safety services.
Chart Industries, with a market value of over $1 billion, manufactures cryogenic equipment used in the production, storage and distribution of liquefied natural gas and industrial gases.
This is the seventh transaction Capstone Partners has completed for Global Power Equipment Group Inc.
