Capstone Partners advised Global Power Equipment Group Inc. in its acquisition of Hetsco, Inc. for $32.5 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.
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 lifecycle services broadens Global Power’s reach into industrial gas and oil and gas end markets and its highly-skilled welders bolster Global Power’s service capabilities for utility customers.
This is the fourth transaction Capstone Partners has completed for Global Power.
