.
MergerLinks Header Logo

New Deal


Announced

Completed

Centerbridge Partners completed the acquisition of a minority stake in MacLean Power Systems.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Friendly

Conventional Electricity

Completed

Private

Acquisition

United States

Domestic

Private Equity

Single Bidder

electric utility

Minority

Synopsis

Edit

Centerbridge Partners, a private investment firm, completed the acquisition of a minority stake in MacLean Power Systems, a manufacturer of products for transmission, distribution, substation, and communications infrastructure. Financial terms were not disclosed. "MPS's management team has done an excellent job positioning the Company for growth across multiple markets, and we are pleased to align ourselves with a strong capital partner whose culture and goals align with the MacLean family. The investment from Centerbridge will allow MacLean-Fogg to continue to invest in strategic products in our remaining business lines and expand its product offering to meet our customers' needs more effectively," Barry L. MacLean, MFC Chairman.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US