.
MergerLinks Header Logo

New Deal


Announced

Completed

Frontenac-backed Motion & Control Enterprises completed the acquisition of Piedmont Electric Motor Repair.

Financials

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

Tags

Edit

United States

material handling

industrial products

industrial services

Machinery: Construction

Domestic

Majority

Completed

Friendly

Acquisition

Private

Single Bidder

Private Equity

Synopsis

Edit

Frontenac-backed Motion & Control Enterprises, a supplier of technical fluid power, automation, flow control, compressed air products, filtration, service, and repair solutions, completed the acquisition of Piedmont, a provider of industrial products and services, including electric motors, cranes, material handling, fabrication/welding and machinery services. Financial terms were not disclosed. “Maintenance and repair capabilities are critically important for today’s customers and are consistent with our strategy of being a full-lifecycle provider of highly-engineered products and services. Piedmont is a well-recognized provider of electric motor and crane repair services, and the strategic combination of our businesses will be positive for our customers and employees,” Charles Hale, Chairman & CEO of MCE.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

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

CONTACT US