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WelchGroup Consulting Sells Power and Temperature Control Expert GAL Power to Trivest.

MANews-(C)2009-2018

28 August 2018 - Florida, US-based private equity firm, Trivest Partners has acquired Canada-based power and temperature control solutions provider GAL Power Systems, the company said.

Terms of the transaction were not disclosed.

Trivest's acquisition and recapitalisation of GAL Power will help the company accelerate its growth, further its expansion into the US and assist in seeking additional acquisition targets as they expand their market share within North America.

GAL Power engaged WelchGroup to advise on the sale of the company.

GAL Power provides high performance power generators, rental generators, and climate control equipment across Canada and internationally.

Trivest specialises in mid-market corporate acquisitions and recapitalisations.

WelchGroup, a subsidiary of Welch LLP, is a mergers and acquisitions advisory firm that acted as the exclusive M and A advisor to GAL Power Systems.

Country: Canada

Sector: Machinery/Engineering

Target: GAL Power Systems

Buyer: Trivest Partners

Vendor:

Deal size in USD:

Type: LBO

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Geographic Code:1CANA
Date:Aug 28, 2018
Words:166
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