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

Core Viewpoint - Avail Infrastructure Solutions has entered into a definitive agreement to sell its Electrical Products Group business unit to nVent Electric plc for an enterprise value of $975 million, which is expected to close in the first half of 2025 [1][3]. Group 1: Transaction Details - The transaction is valued at$975 million, subject to customary adjustments [1]. - The deal is anticipated to close in the first half of 2025, with HSR approval already obtained [3]. - Avail and Fernweh will collaborate with nVent to ensure a smooth transition for approximately 1,100 employees of the Electrical Products Group [3]. Group 2: Strategic Implications - The acquisition is seen as a crucial step in enhancing EPG's position as a leading provider of electrical products, with expected benefits in the datacenter and utilities markets [2]. - The transformation of EPG since its acquisition in 2022 is highlighted as a testament to the partnership between Fernweh and AZZ, focusing on growth, innovation, and operational efficiency [2]. Group 3: Company Background - EPG is recognized as a leading provider of specialized products and solutions for industrial and electrical applications, focusing on safe and reliable power transmission [4]. - EPG operates a diverse portfolio that includes custom switchgear, electrical enclosures, and medium and high-voltage bus ducts [4]. - Fernweh Group is an investment firm with expertise in strategy, M&A, and operational transformation in the industrial and industrial technology sectors [5].