Hochtemperatur Engineering has sold Bachmann Industries to Clyde Bergemann Power Group
Lincoln International announced the sale of Bachmann Industries, Inc. (“Bachmann”) to Clyde Bergemann Power Group, a Glasgow, United Kingdom-based supplier of systems and solutions for the energy services market. Lincoln International, a leading global mid-market investment bank, acted as the exclusive financial advisor to Deutsche Beteiligungs AG, Hochtemperatur Engineering GmbH, and Bachmann Industries, Inc.
Bachmann Industries, headquartered in Auburn, Maine, United States is the market leading provider of high performance, custom-engineered pollution exhaust control systems for the global energy and industrial markets. The Company provides high-end exhaust and damper systems for the control and isolation of pollution abatement equipment used primarily in power generation facilities as well as in other industrial “smokestack” processes.
Fred Koch, Bachmann’s President and Chief Executive Officer, will continue to lead the company under the new name Clyde Bergemann Bachmann (“CBBA”). The businesses will be integrated into the Clyde Bergemann Power Group Americas, the U.S.-arm of the Clyde Bergemann Power Group.
With CBBA, not only the business field “Air-Gas Handling” comes into being, it is also the entry of the Clyde Bergemann Power Group into the market of gas-fired plants. “This acquisition extends both our portfolio of products and markets and therewith perfectly supports our growth strategy. We know Bachmann Industries since years from jointly carried out projects, mainly in Asia,” amends Franz Bartels, President and Chief Executive Officer of the Clyde Bergemann Power Group.
About Bachman Industries, Inc.
Founded in 1993 Bachmann Industries, Inc. (“Bachmann”) (www.bachmannusa.com) has 60 employees and is located in Auburn, Maine. Bachmann is the market leading provider of high performance, custom-engineered pollution exhaust control systems for the global energy and industrial markets. The Company provides high-end damper and exhaust systems for the control and isolation of pollution abatement equipment used primarily in power generation facilities as well as in other industrial “smokestack” processes. Products include high performance Selective Catalytic Reduction (“SCR”) and Flue Gas Desulphurization (“FGD”) pollution exhaust control bypass systems as well as gas turbine exhaust systems and components such as dampers, diverters, and expansion joints.
About Deutsche Beteiligungs AG
Deutsche Beteiligungs AG (“DBAG”) (www.deutsche-beteiligung.com) is a public investment firm (DB:DBA) specializing in management buyout transactions of middle market companies. The firm makes investments across a broad range of sectors, including automotive supplies; machine and plant construction; printing, media, and packaging; industrial services and logistics; and measuring and automation technology. Deutsche Beteiligungs AG was founded in 1965 and is based in Frankfurt, Germany.
About Hochtemperatur Engineering GmbH
Hochtemperatur Engineering GmbH (www.hte-group.com), based in Mainz-Kastel, Germany, was founded in 2002 to take over, by management buyout with the support of DBAG, from RHI the worldwide leader in refractory materials, its engineering activities consisting of 6 business units with more than 20 companies in the aggregate. In the meantime, after successfully developing the business units, all companies were sold except two companies being active in the field of development and construction of melting/holding furnaces, casting machines, heat treatment furnaces for the aluminum industry, and industrial burners and combustion systems for thermal processes.
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