Sale to AEA Investors, LP

Industrial
Sale to AEA Investors, LP

Summary

Baird served as exclusive financial advisor to Allied Power Group, LLC on this transaction

About

Allied Power Group, LLC (“APG” or the “Company”), a portfolio company of OFS Energy Fund (“OFS” or the “Fund”), recently announced its sale to AEA Investors, LP (“AEA”). Terms of the transaction were not disclosed.

Allied Power Group, LLC is the leading fully-integrated provider of highly technical repair and maintenance solutions for natural gas fired turbines, offering a comprehensive suite of service solutions which includes turbine component repair, rotor repair, plant & field services and replacement components. The Company’s solutions optimize operating performance and extend the useful life of natural gas fired turbines generating power for the electrical grid and industrial applications. APG serves a broad base of independent power producers, electric utilities, petrochemical producers, refiners and oil & gas related customers throughout the United States and abroad. APG was founded in 2005 and is based in Houston, Texas.

OFS Energy Fund is a private equity firm that specializes in acquiring and providing growth equity for lower middle-market energy service companies. OFS seeks to provide capital to business owners in the form of buyouts, recapitalizations, and growth equity investments. The Fund supports the development of management, appropriate governance, professionalization of reporting, and improving operational efficiencies to generate above average outcomes. OFS is based in Houston, Texas.
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Industrial
Sale to AEA Investors, LP
Date
June 2019
Company
Allied Power Group, LLC
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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