M&A Deal Summary

Babcock Wanson Acquires PBS Power Equipment

On March 1, 2023, Babcock Wanson acquired distribution company PBS Power Equipment from Jet Investment

Acquisition Highlights
  • This is Babcock Wanson’s 1st transaction in the Distribution sector.
  • This is Babcock Wanson’s 1st transaction in Czech Republic.

M&A Deal Summary
Date 2023-03-01
Target PBS Power Equipment
Sector Distribution
Buyer(s) Babcock Wanson
Sellers(s) Jet Investment
Deal Type Add-on Acquisition

Target

PBS Power Equipment

Trebic, Czech Republic
PBS Power Equipment exports industrial boilers and burners to countries such as Japan, India, Indonesia, Iraq, UAE, Egypt, Jordan, Brazil and Vietnam. PBS Power Equipment was founded in 2007 and is based in Trebic, Czech Republic.

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Buyer(S) 1

Buyer

Babcock Wanson

Nerac, France
Category Company
Founded 1929
Sector Manufacturing
DESCRIPTION

Babcock Wanson is a provider of complete range of products and services for industrial boiler house from steam boilers, thermal fluid heaters, rapid steam generators and hot water boilers to VOC and odour treatment. Babcock Wanson was founded in 1929 and is based in Nerac, France.

DEAL STATS #
Overall 2 of 2
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Czech Republic) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Steam Plant Engineering

Halesowen, United Kingdom

Steam Plant Engineering is an independent steam specialists offering; boiler repair, installation, troubleshooting and inspection offering solutions for everything from a passing valve to a complete turnkey boiler house installation. Steam Plant Engineering was founded in 2001 and is based in Halesowen, United Kingdom.

Buy -

Seller(S) 1

SELLER

Jet Investment

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Jet Investment is a private equity firm focused on investments in small and medium-sized industrial companies across Central and Eastern Europe. The Firm seeks majority stakes in businesses with EBITDA up to €30 million in the engineering, rail, automotive, chemicals, natural gas, wood processing, and textiles industries. Jet Investment typically commits up to €100 million per transaction to support growth, buy-out, succession, and turnaround situations. Jet Investment was established in 1997 and is based in Brno, Czech Republic.

DEAL STATS #
Overall 3 of 3
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (Czech Republic) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-01 Rockfin

Chwaszczyno, Poland

Rockfin engages in designing, manufacturing and servicing of oil systems including lubrication systems, hydraulic circuits drive and control, filtration systems and maintenance of industrial oils. Rockfin was founded in 1991 and is based in Chwaszczyno, Poland.

Buy -
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