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New Deal


Announced

Completed

Novacap-backed Nitrex completed the acquisition of G-M Enterprises.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

United States

Majority

Completed

Acquisition

Private

Single Bidder

vaccum furnaces

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Specialty Retailers

Synopsis

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Private equity firm Novacap-backed Nitrex, a provider of fully integrated heat-treating solutions and technologies, completed the acquisition of G-M Enterprises, a provider of vacuum furnaces. Financial terms were not disclosed. The acquisition is in line with Nitrex's strategy to further expand its integrated heat treatment solutions offering to its customer base while strengthening its product portfolio. "This acquisition will allow Nitrex to bolster its turnkey solutions business by bringing a new, innovative and broader mix of heat treatment systems to our customers. We also look forward to welcoming the entire G-M Enterprises' team into the Nitrex family," Jean-Francois Cloutier, Nitrex CEO.

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