Clyde Bergemann Power Group has sold Clyde Industries to Wynnchurch Capital
Headquartered in Atlanta, Georgia, Clyde Industries is the preeminent provider of highly engineered boiler efficiency/cleaning systems, spare parts and services for the global pulp and paper industry and is a leader in providing equipment and aftermarket part solutions for industrial applications in North America, South America, Scandinavia and Indonesia.
Qiang Xu, primary shareholder of Clyde Bergemann Power Group, commented, “We are very pleased to have completed the divestiture of Clyde Industries to Wynnchurch Capital and believe Lincoln was instrumental in expertly guiding the management of both Clyde Bergemann Power Group and Clyde Industries through each stage of the transaction process.”
“Lincoln’s deep understanding of Clyde Industries’ business model, resulting from their broad experience in the process industry sector, as well as strong relationships with global acquirers and execution capabilities, enabled us to achieve a successful outcome,” added Dr. Christian Mueller, President and CEO of Clyde Bergemann Power Group.
Lincoln acted as the exclusive financial advisor to Clyde Bergemann Power Group, working closely with its shareholders and management throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction. Terms of the transaction were not disclosed.
Lincoln worked seamlessly with the management team throughout the process, and we greatly appreciated their level of senior attention and guidance.
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