Add-on Acquisition • Machinery

Kanaci Technologies Acquires Vericor

On August 12, 2021, Kanaci Technologies acquired machinery company Vericor

Acquisition Context
  • This is Kanaci Technologies’ 1st transaction in the Machinery sector.
  • This is Kanaci Technologies’ 1st transaction in the United States.
  • This is Kanaci Technologies’ 1st transaction in Georgia.

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M&A Deal Summary

Date August 12, 2021
Target Vericor
Sector Machinery
Buyer(s) Kanaci Technologies
Deal Type Add-on Acquisition

Target Company

Vericor

Alpharetta, Georgia, United States
Vericor manufactures, sells, and supports aero-derivative gas turbines for marine propulsion, mechanical drive, and power generation applications including high-speed military and civilian ships, industrial pumping, compressor or electric generation applications, and oil field applications. Vericor was founded in 1999 and is based in Alpharetta, Georgia.
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Buyer Overview 1

Buyer

Kanaci Technologies

Houston, Texas, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Kanaci Technologies is comprised of three divisions: marine and defense, energy, and power generation. Kanaci Technologies' power generation platform supplies industrial power generation solutions. Kanaci Technologies is positioned to provide power generation solutions for baseload, intermittency, peak, and load sharing power. Kanaci Technologies is based in Houston, Texas.


Deal Context for Buyer #
Overall 1 of 1
Sector: Machinery 1 of 1
Type: Add-on Acquisition 1 of 1
State: Georgia 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1