Harris Williams & Co. Advises SAE Towers Holdings, LLC in its Sale to International Strategic Buyer KEC International Limited
September 23 2010 - 12:17PM
Business Wire
Harris Williams & Co. announces that SAE Towers Holdings,
LLC (SAE Towers), a portfolio company of ACON Investments, LLC
(ACON), has been acquired by international strategic buyer KEC
International Limited (KEC) for approximately $95 million. The
transaction closed on September 22, 2010. Harris Williams & Co.
acted as the exclusive advisor to SAE Towers. The transaction was
led by John Arendale, along with Tiff Armstrong, Brian Lucas and
Luke Semple from the firm’s Energy & Power Group.
SAE Towers is a leading manufacturer of transmission lattice
towers, steel poles and related hardware serving the U.S., Canada,
Mexico and Latin America. The company’s combined annual production
capacity is 100,000 metric tons separated at two locations – Mexico
(35,000 metric tons) and Brazil (65,000 metric tons). SAE Towers
owns a tower testing station in Brazil and has facilities for
Engineering & Design in the U.S. and in Brazil.
Founded in 1996, ACON is a private equity investment firm
focused on U.S. and Latin America with over $1.5 billion of capital
under management. Headquartered in Washington, D.C., ACON has
offices and investment professionals throughout the Americas
including Mexico City and Sao Paulo.
KEC, a RPG Group company based in Mumbai, India, is one of the
largest power transmission Engineering, Procurement and
Construction (EPC) companies in the world. Apart from transmission,
it has a significant presence in power distribution, cables,
telecom and railway infrastructure. KEC is a listed company on
major Indian stock exchanges and has annual turnover of
approximately $850 million. KEC has completed transmission line
projects in over 40 countries and has expertise in handling mega
EPC projects across the globe in diverse terrain.
Harris Williams & Co. (www.harriswilliams.com), a member of
The PNC Financial Services Group, Inc. (NYSE:PNC), is the premier
middle market advisor with a two-decade legacy of sell side
excellence serving clients worldwide. The firm is focused
exclusively on the middle market providing sell side and
acquisition advisory, restructuring advisory, board advisory,
private placements and capital markets advisory services.
The firm’s Energy & Power Group has experience across a
broad range of sectors, including energy efficiency &
cleantech, industrial & infrastructure services, oil & gas
products and services, power equipment and services, engineering
& construction, and environmental services. For more
information, please contact Drew Spitzer or Tiff Armstrong at + 1
(804)-648-0072.
Investment banking services are provided by Harris Williams LLC,
a registered broker-dealer and member of FINRA and SIPC, and Harris
Williams & Co. Ltd, an Appointed Representative of Sturgeon
Ventures LLP, which is authorised and regulated by the Financial
Services Authority. Harris Williams & Co. is a trade name under
which Harris Williams LLC and Harris Williams & Co. Ltd conduct
business in the U.S. and Europe, respectively.
For general release inquiries, please contact Kimberly Baker,
marketing director, at +1 (804) 648-0072.
PNC Financial Services (NYSE:PNC)
Historical Stock Chart
From Sep 2024 to Oct 2024
PNC Financial Services (NYSE:PNC)
Historical Stock Chart
From Oct 2023 to Oct 2024