M&A Deal Summary

Powell Acquires PowerComm - Canadian Business

On December 16, 2009, Powell acquired business services company PowerComm - Canadian Business from PetroCorp Group for 34M USD

Acquisition Highlights
  • This is Powell’s 1st transaction in the Business Services sector.
  • This is Powell’s largest (disclosed) transaction.

M&A Deal Summary
Date 2009-12-16
Target PowerComm - Canadian Business
Sector Business Services
Buyer(s) Powell
Sellers(s) PetroCorp Group
Deal Type Divestiture
Deal Value 34M USD

Target

PowerComm - Canadian Business

Search 200,291 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Powell

Houston, Texas, United States
Category Company
Founded 1947
Sector Machinery
Employees2,363
Revenue 699M USD (2023)
DESCRIPTION

Powell designs, manufactures, and services equipment and systems for the management and control of electrical energy and other critical processes. Powell provides products and services to the transportation, environmental, industrial and utility industries. Powell was founded in 1947 and is based in Houston, Texas.

DEAL STATS #
Overall 3 of 4
Sector (Business Services) 1 of 1
Type (Divestiture) 3 of 3
Country () 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-07 GE Medium-Voltage ANSI Switchgear Product Line

Houston, Texas, United States

GE Medium-Voltage ANSI Switchgear Product Line based in Houston, US.

Buy $32M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-18 ThermaBrite Technologies

Vancourver, British Columbia, Canada

ThermaBrite Technologies, Inc. provides a patent-pending technology for real-time optical fiber based thermal sensors that have application for monitoring of hot spots in electrical power equipment systems. These hot spots typically develop at bus joints and other power connection points and can eventually cause failures, such as insulation breakdown and arc-flash.

Buy -

Seller(S) 1

SELLER

PetroCorp Group

Calgary, Alberta, Canada
Category Company
Founded 1993
Sector Machinery
DESCRIPTION

PetroCorp Group, Inc. has a manufacturing operation that produces custom-built equipment for use in industrial and commercial facilities, including medium voltage switchgear and motor control centers and other related electrical power equipment. PetroCorp was formed in 1993 and is based in Calgary, Alberta.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country () 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal