Sale to Regal Beloit Corporation
Baird served as the exclusive financial advisor to Pfingsten Partners LLC
AboutHy-Bon Engineering Company, Inc. (“Hy-Bon” or the “Company”), a portfolio company of Pfingsten Partners LLC (“Pfingsten”), was recently acquired by Regal Beloit Corporation (NYSE:RBC). Terms of the transaction were not disclosed.
Hy-Bon is a leading designer and manufacturer of vent gas management solutions for oil & gas and industrial applications. The Company offers a comprehensive range of vapor recovery products and services that capture and monetize valuable gas streams, providing environmental and safety benefits to customers, while generating economic returns. Hy-Bon is headquartered in Midland, Texas.
Pfingsten Partners LLC is an operationally focused private equity firm specializing in middle market investments. Pfingtsen targets investments within the manufacturing, distribution and business services industries and has acquired more than 90 companies through four funds since its founding in 1989. Pfingsten is headquartered in Chicago, Illinois.
Regal Beloit Corporation is a leading manufacturer of electric motors, mechanical and electrical motion controls and power generation products serving markets throughout the world. Regal Beloit is headquartered in Beloit, Wisconsin and has manufacturing, sales and service facilities throughout the United States, Canada, Mexico, Europe and Asia.
For additional information about this transaction, please contact:
- February 2014
- Hy-Bon Engineering Company, Inc.
- Target Location
- North America
- Acquiror Location
- North America