M&A Deal Summary

Teton Capital Group Acquires Power Piping Company

On March 1, 2005, private equity firm Teton Capital Group acquired construction company Power Piping Company

Acquisition Highlights
  • This is Teton Capital Group’s 1st transaction in the Construction sector.
  • This is Teton Capital Group’s 1st transaction in the United States.
  • This is Teton Capital Group’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2005-03-01
Target Power Piping Company
Sector Construction
Buyer(s) Teton Capital Group
Deal Type Divestiture

Target

Power Piping Company

Pittsburgh, Pennsylvania, United States
Since 1911, Power Piping Company has been providing construction and fabrication services to industrial clients. Power Piping is typically a Prime Contractor that provides project management of the complete project when it can self-perform significant portions of the work scope. We also provide specialty contracting services to select clients. Power Piping projects are in Plant Maintenance, Outages, Retrofit/Expansion and New Construction. Power Piping enjoys a history of stability based on excellent client relations. Our employees know that our success is based on offering skills, experience, and resources to our clients each and every time we provide services. Power Piping has experience with blast furnaces, oxygen furnaces, hot strip mills, cold mills, galvanizing lines, coke plant pressure vessels, coke oven gas transmission systems, power boilers, stills, decanters, waste water treatment plants, pressure vessels, stripper columns, and cold boxes.

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Buyer(S) 1

Buyer

Teton Capital Group

Beachwood, Ohio, United States

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Teton Capital Group LLC is a private equity firm specializing in control investments in lower middle market businesses near Cleveland, Ohio. Target companies typically generate operating profits of $1 to $3 million and feature low customer concentration and differentiated products/services. Areas of interest include manufacturing, services, value-added distribution, and healthcare (devices, service providers, distribution). Teton Capital Group LLC was formed in 2004 and is based in Cleveland.


DEAL STATS #
Overall 1 of 1
Sector: Construction M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2005 M&A 1 of 1