Broadwind Energy is a precision manufacturer of structures, equipment and components for clean tech and other specialized applications. The acquisition will add Red Wolf's Sanford operations to Broadwind's lineup consisting of locations in Manitowoc, Wisconsin, Abilene, Texas, and Pittsburgh, Pennsylvania. The acquisition will also expand Broadwind's presence in the power generation market and complement the company's existing compressed natural gas equipment offerings.
Chris Heckert, Managing Director and Supervising Principal of Generational Capital Markets, led the deal to a successful close.
"This is a classic example of a synergistic acquisition," said Heckert. "Broadwind and Red Wolf complement each other in both expertise and target markets. I look forward to hearing what these two groups can do together!"
"This transaction offers Red Wolf new opportunities to grow and expand into new markets under Broadwind's experienced leadership team," said Red Wolf President Kim Sutton. "Broadwind's confidence in Red Wolf is a testament to the excellent business climate that exists here in Lee County."
Broadwind shared the excitement about the transaction. "We are thrilled to add Red Wolf to the Broadwind Energy family of companies," said Broadwind President and CEO Stephanie Kushner. "The Red Wolf team has built a solid company and we look forward to working with the team in Sanford and with the Sanford Area Growth Alliance."
About Generational Capital, LLC
Generational Capital, LLC is a Dallas, Texas-based merger & acquisition advisory firm. Generational Capital wholly owns Generational Capital Markets, Inc., Member FINRA/SIPC. More information can be found at www.gencm.com. Generational Capital and Generational Capital Markets are part of the Generational Group and are affiliated with Generational Equity, LLC. Generational Equity's website is www.genequityco.com and online newsroom is www.gecpress.com. GCM received The M&A Advisor's 2016 Corporate and Strategic Acquisition of the Year Award, as well as the 2016 Materials Deal of the Year for its work on the Stern Rubber Company transaction. It has also been recognized for the 2016 M&A Deal of the Year (for deals valued $10mm - $25mm) for the acquisition of Pro Trans Logistics, Inc. by Action Resources.
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SOURCE Generational Capital Markets