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 EPG employees [3] Group 2: 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's portfolio includes custom switchgear, electrical enclosures, and medium and high-voltage bus ducts through various entities [4] Group 3: Strategic Importance - The strategic combination with nVent is expected to enhance EPG's brand and create significant value for customers, employees, and stakeholders [2] - The transaction marks the completion of EPG's transformation since its acquisition in 2022, highlighting the partnership between Fernweh and AZZ [2]