Avail Infrastructure Solutions Announces Sale of Electrical Products Group ("EPG")
Avail Infrastructure Solutions has announced the sale of its Electrical Products Group (EPG) to nVent Electric plc (NYSE: NVT) for an Enterprise Value of $975 million. The transaction, expected to close in H1 2025, has already received HSR approval.
The strategic combination aims to strengthen EPG's position in electrical products, particularly in datacenter and utilities markets. The deal will affect approximately 1,100 EPG employees. EPG's transformation since its 2022 acquisition as part of Avail demonstrates the successful partnership between Fernweh Group and AZZ.
Greenhill, a Mizuho affiliate, served as the sole financial adviser, with Cleary Gottlieb Steen & Hamilton LLP providing legal counsel for the transaction.
Avail Infrastructure Solutions ha annunciato la vendita del suo Electrical Products Group (EPG) a nVent Electric plc (NYSE: NVT) per un valore aziendale di 975 milioni di dollari. La transazione, prevista per chiudersi nel primo semestre del 2025, ha già ricevuto l'approvazione HSR.
La combinazione strategica mira a rafforzare la posizione di EPG nel settore dei prodotti elettrici, in particolare nei mercati dei datacenter e delle utilities. L'accordo avrà un impatto su circa 1.100 dipendenti di EPG. La trasformazione di EPG dalla sua acquisizione nel 2022 come parte di Avail dimostra il successo della partnership tra Fernweh Group e AZZ.
Greenhill, un'affiliata di Mizuho, ha agito come unico consulente finanziario, mentre Cleary Gottlieb Steen & Hamilton LLP ha fornito consulenza legale per la transazione.
Avail Infrastructure Solutions ha anunciado la venta de su Electrical Products Group (EPG) a nVent Electric plc (NYSE: NVT) por un valor empresarial de 975 millones de dólares. Se espera que la transacción se cierre en el primer semestre de 2025 y ya ha recibido la aprobación de HSR.
La combinación estratégica tiene como objetivo fortalecer la posición de EPG en productos eléctricos, particularmente en los mercados de centros de datos y servicios públicos. El acuerdo afectará aproximadamente a 1.100 empleados de EPG. La transformación de EPG desde su adquisición en 2022 como parte de Avail demuestra la exitosa asociación entre Fernweh Group y AZZ.
Greenhill, una afiliada de Mizuho, actuó como único asesor financiero, mientras que Cleary Gottlieb Steen & Hamilton LLP proporcionó asesoría legal para la transacción.
Avail Infrastructure Solutions는 Electrical Products Group (EPG)를 nVent Electric plc (NYSE: NVT)에 9억 7500만 달러의 기업 가치로 매각한다고 발표했습니다. 이번 거래는 2025년 상반기 내에 완료될 것으로 예상되며, 이미 HSR 승인을 받았습니다.
전략적 결합은 EPG의 전기 제품 시장, 특히 데이터 센터와 유틸리티 시장에서의 입지를 강화하는 것을 목표로 하고 있습니다. 이 거래는 약 1,100명의 EPG 직원에게 영향을 미칠 것입니다. EPG는 2022년 Avail의 일환으로 인수된 이후 성공적인 변화를 보여주고 있으며, 이는 Fernweh Group과 AZZ 간의 성공적인 파트너십을 입증합니다.
Greenhill은 Mizuho의 계열사로서 유일한 재무 자문 역할을 했으며, Cleary Gottlieb Steen & Hamilton LLP는 거래에 대한 법률 자문을 제공했습니다.
Avail Infrastructure Solutions a annoncé la vente de son Electrical Products Group (EPG) à nVent Electric plc (NYSE: NVT) pour une valeur d'entreprise de 975 millions de dollars. La transaction, qui devrait se clôturer au premier semestre 2025, a déjà reçu l'approbation de l'HSR.
Cette combinaison stratégique vise à renforcer la position d'EPG sur le marché des produits électriques, en particulier dans les secteurs des centres de données et des services publics. L'accord aura un impact sur environ 1 100 employés d'EPG. La transformation d'EPG depuis son acquisition en 2022 dans le cadre d'Avail démontre le succès du partenariat entre Fernweh Group et AZZ.
Greenhill, une filiale de Mizuho, a agi en tant que conseiller financier unique, tandis que Cleary Gottlieb Steen & Hamilton LLP a fourni des conseils juridiques pour la transaction.
Avail Infrastructure Solutions hat den Verkauf seiner Electrical Products Group (EPG) an nVent Electric plc (NYSE: NVT) zu einem Unternehmenswert von 975 Millionen Dollar bekannt gegeben. Die Transaktion, die voraussichtlich im ersten Halbjahr 2025 abgeschlossen wird, hat bereits die HSR-Zulassung erhalten.
Die strategische Kombination zielt darauf ab, die Position von EPG im Bereich elektrischer Produkte, insbesondere in den Märkten für Rechenzentren und Versorgungsunternehmen, zu stärken. Der Deal wird etwa 1.100 EPG-Mitarbeiter betreffen. Die Transformation von EPG seit seiner Übernahme im Jahr 2022 als Teil von Avail zeigt die erfolgreiche Partnerschaft zwischen Fernweh Group und AZZ.
Greenhill, ein Mizuho-Tochterunternehmen, diente als alleiniger Finanzberater, während Cleary Gottlieb Steen & Hamilton LLP rechtliche Beratung für die Transaktion bereitstellte.
- Sale of EPG business unit for $975 million enterprise value
- Strategic positioning in growing datacenter and utilities markets
- HSR approval already obtained, indicating lower regulatory risk
- Divestment of significant business unit affecting 1,100 employees
Insights
nVent Electric's $975 million acquisition of the Electrical Products Group (EPG) represents a substantial strategic expansion, accounting for approximately 11% of nVent's current
The acquisition brings roughly 1,100 employees into nVent's organization, substantially expanding its workforce and operational capabilities. EPG's strategic positioning in the growing datacenter and utilities markets aligns perfectly with sectors experiencing strong demand cycles, potentially allowing nVent to capture additional market share in these expanding verticals.
What makes this acquisition particularly valuable is EPG's recent transformation. Since being acquired by Avail Infrastructure Solutions in 2022, EPG has undergone significant operational improvements focused on "growth, innovation and operational efficiency." nVent stands to inherit these optimizations, essentially acquiring a more streamlined and effective operation than existed just three years ago.
While specific financial metrics like revenue contribution and profitability aren't disclosed, the substantial transaction value suggests nVent anticipates meaningful financial contributions. The strategic rationale centers on strengthening nVent's market position in electrical products while expanding its footprint in high-growth sectors like datacenters and utilities infrastructure.
This acquisition perfectly aligns with the broader industry consolidation trend in the electrical products space, where scale and comprehensive product portfolios increasingly drive competitive advantage. By integrating EPG, nVent enhances its ability to serve customers with a more complete solution set, strengthening its position against larger industry players.
The emphasis on datacenter exposure is particularly strategic given the explosive infrastructure growth driven by artificial intelligence and cloud computing. Electrical products supporting these facilities—from power distribution to thermal management—face rapidly increasing demand and technical requirements. Similarly, the utilities sector continues its modernization trajectory, creating sustained demand for advanced electrical components.
The transaction structure as a business unit acquisition represents a clean integration opportunity without the complexities of a full corporate merger. Having already secured regulatory approval streamlines the closing process, allowing nVent to begin integration planning with greater certainty.
For nVent, this represents a significant step in its growth strategy, expanding both its product portfolio and addressable market. The substantial
"This is a crucial step in solidifying EPG's position as a leading provider of electrical products," said Jeremy Hoffman, President of EPG. "The strategic combination with nVent will enhance EPG's brand and create significant value for customers, employees and stakeholders. This transaction positions EPG to deliver best-in-class electrical products and solutions while benefiting from growth in the datacenter and utilities markets."
Siddarth Madhav, President of Fernweh Group commented, "This marks the completion of EPG's transformation since its acquisition in 2022 as part of Avail. The transformation is a testament to the partnership between Fernweh and AZZ, and the Avail team's focus on growth, innovation and operational efficiency. EPG is well-positioned for success with nVent. We thank Bill Johnson and team for their leadership at Avail."
"The success of Avail – a joint venture between Fernweh and AZZ – owes much to the skill and dedication of EPG employees. We extend our best wishes to Jeremy and the entire team as they embark on this next chapter with nVent. We also thank the team at Ayna.AI for its instrumental role in supporting the rapid margin and growth transformation of the entire Avail business," said Tom Ferguson, Chief Executive Officer of AZZ and Nick Santhanam, Chief Executive Officer of Fernweh Group.
The transaction is expected to close in calendar H1 2025, with HSR approval already obtained, subject to customary closing conditions. Avail and Fernweh will work closely with nVent to help ensure a smooth transition for customers and the Electrical Products Group's approximately 1,100 employees.
Avail engaged Greenhill, a Mizuho affiliate, as its sole financial adviser and Cleary Gottlieb Steen & Hamilton LLP as legal counsel for the transaction.
About EPG
Avail's EPG business unit is a leading provider of specialized products and solutions designed to support industrial and electrical applications. EPG is dedicated to delivering safe and reliable transmission of power from generation sources to end customers serving critical infrastructure in a variety of markets worldwide. EPG operates a portfolio of custom switchgear, electrical enclosures and medium and high-voltage bus ducts through its various entities, including CGIT Systems LLC, The Calvert Company LLC, Central Electric Mfg. Company LLC and Atkinson Industries LLC, among others.
About Fernweh Group LLC
Fernweh is an investment firm launched by leaders from global institutions who have decades of experience working with companies in the industrial and industrial technology sectors on strategy, M&A, and operational transformation. Fernweh believes that companies in the mid- and small-cap industrial and industrial technology sectors are the engine of the economy. By tailoring cutting-edge management capability, operational and strategic transformation support, and capital for each company's unique context, history, and needs, Fernweh aims to be a builder of businesses and create value for all stakeholders.
About AZZ Inc.
AZZ Inc. is the leading independent provider of hot-dip galvanizing and coil coating solutions to a broad range of end-markets. Collectively, the business segments provide sustainable, unmatched metal coating solutions that enhance the longevity and appearance of buildings, products and infrastructure that are essential to everyday life.
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SOURCE Avail Infrastructure Solutions
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