Oil

Baird advises Hy-Bon Engineering on sale to Regal Beloit Corporation

Hy-Bon Engineering Company, a portfolio company of Pfingsten Partners, has been acquired by Regal Beloit Corporation (RBC).

Baird acted as the exclusive financial advisor to Hy-Bon on the transaction. Terms of the deal have not been disclosed.
 
Baird’s deal team was led by Joe Packee, managing director, who says: “As the US expands its energy production, there is a need to implement products and services that capture ­ and ideally re-use ­ the gases that are discharged as a part of this production and related storage. With an increased focus on the economic benefits and the environmental and safety matters surrounding our country¹s growing oil production capabilities, solutions provided by Hy-Bon are of great importance.”

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