Sentinel, a private equity firm, has recently announced the sale of ECM Industries to nVent Electric, a global leader in electrical solutions. The deal is expected to close in the first quarter of 2021, subject to regulatory approvals and customary closing conditions.
ECM Industries is a leading manufacturer of electrical products and solutions for commercial, industrial, and residential applications. The company’s product portfolio includes conduit fittings, cable glands, cord grips, and other electrical accessories. ECM Industries has a strong presence in the North American market and serves customers in various industries, including oil and gas, construction, and utilities.
nVent Electric is a Fortune 500 company that provides innovative electrical solutions for a wide range of industries, including data centers, energy, and transportation. The company’s product portfolio includes enclosures, heat management systems, and electrical connections. nVent Electric operates in more than 100 countries and has a strong reputation for quality and reliability.
The acquisition of ECM Industries is expected to strengthen nVent Electric’s position in the North American market and expand its product portfolio. The addition of ECM Industries’ products will complement nVent Electric’s existing offerings and provide customers with a more comprehensive range of electrical solutions.
“We are excited to welcome ECM Industries to the nVent family,” said Beth Wozniak, CEO of nVent Electric. “This acquisition aligns with our strategy to expand our product portfolio and enhance our presence in key markets. We look forward to working with the talented team at ECM Industries to deliver innovative solutions to our customers.”
The sale of ECM Industries is a significant milestone for Sentinel, which acquired the company in 2016. During Sentinel’s ownership, ECM Industries expanded its product portfolio and invested in new technologies to improve efficiency and productivity.
“We are proud of the progress that ECM Industries has made under our ownership,” said Eric Bommer, a partner at Sentinel. “The sale to nVent Electric is a testament to the hard work and dedication of the ECM Industries team. We wish them continued success as they join forces with nVent Electric.”
In conclusion, the sale of ECM Industries to nVent Electric is a strategic move that will benefit both companies and their customers. The acquisition will strengthen nVent Electric’s position in the North American market and expand its product portfolio, while ECM Industries will benefit from nVent Electric’s global reach and resources. The deal is expected to close in the first quarter of 2021, subject to regulatory approvals and customary closing conditions.
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- Source: https://zephyrnet.com/sentinel-sells-ecm-industries-to-nvent-electric/