Koontz-Wagner has completed the previously announced sale of its subsidiary, Koontz-Wagner Custom Controls, to Global Power Equipment Group.
Custom Controls is a manufacturer and integrator of engineered packaged control house solutions for the energy, oil and gas, and electrical industries.
Headquartered in Indiana, Custom Controls has delivered products and services to more than 1,000 customer sites in over 35 countries.
The Custom Controls acquisition will expand Global Power’s products portfolio to its current customers and supports global expansion into adjacent infrastructure products and services.
Luis Manuel Ramírez, president and chief executive officer of Global Power, says: “We are acquiring a trusted brand, and a business team positioned well to deliver. Today’s announcement marks an opportunity for both our customers and employees.”
Koontz-Wagner Holdings was acquired by High Street Capital in 2008. High Street Capital is an operationally-oriented lower middle market buyout firm.
