Avail Infrastructure Solutions Announces Sale of Electrical Products Group ("EPG")

Core Insights - Avail Infrastructure Solutions has entered into a definitive agreement to sell its Electrical Products Group (EPG) to nVent Electric plc for an Enterprise Value of $975 million, subject to customary adjustments [1][2][3] Group 1: Transaction Details - The transaction is expected to close in the first half of 2025, with HSR approval already obtained and subject to customary closing conditions [3] - Avail and Fernweh will collaborate with nVent to ensure a smooth transition for approximately 1,100 employees of EPG [3] Group 2: Strategic Importance - The acquisition is seen as a crucial step in solidifying EPG's position as a leading provider of electrical products, enhancing its brand and creating significant value for customers, employees, and stakeholders [2] - The transaction positions EPG to deliver best-in-class electrical products and solutions, benefiting from growth in the datacenter and utilities markets [2] Group 3: Company Background - EPG is a leading provider of specialized products and solutions for industrial and electrical applications, focusing on safe and reliable power transmission [4] - EPG operates a portfolio that includes custom switchgear, electrical enclosures, and medium and high-voltage bus ducts through various entities [4] Group 4: Fernweh Group Overview - Fernweh Group is an investment firm with leaders from global institutions, focusing on strategy, M&A, and operational transformation in the industrial and industrial technology sectors [5] - The firm aims to create value for stakeholders by providing tailored management capabilities and capital for mid- and small-cap companies [5]