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  5. Kanaci Technologies Acquires Vericor

M&A Deal Summary

Kanaci Technologies Acquires Vericor

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2021-08-12
Target Vericor
Sector Machinery
Buyer(s) Kanaci Technologies
Deal Type Add-on Acquisition

Target

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(S) 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 STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
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