SYDNEY – Australian electrical and digital infrastructure firm SKS Technologies Group Ltd said on Thursday it has executed a formal agreement to acquire the business and assets of Delta Elcom, in a deal with a total consideration of up to A$15 million. The acquisition, first announced in November, is expected to settle on Jan. 12,…
NEW YORK: Blackstone (NYSE: BX) announced Thursday that private equity funds affiliated with the firm have entered into a definitive agreement to acquire Shermco, a leading provider of full life-cycle electrical equipment services, from Gryphon Investors. The transaction values Shermco at approximately $1.6 billion. Founded in 1974, Shermco is one of the largest electrical testing…
PERTH: Engineering and remediation contractor Duratec Ltd. has acquired 100% of AMD Electrical Pty Ltd., trading as EIG Australia, in a deal worth up to 9 million Australian dollars, the company announced Friday. The acquisition strengthens Duratec’s position in the national fuel infrastructure market and expands its self-perform capabilities across the Defence, Mining & Industrial,…