Galvanic Applied Sciences Taken Private by PE Group for $20M
Calgary-based Galvanic Applied Sciences Inc. (TSXV:GAV), a manufacturer of analysis and measurement equipment for the natural gas and process industries, has been taken private through an acquisition by an affiliate of private equity firms Right Lane Capital, 2SV Capital and Tuckerman Capital. The acquisition price was approximately $20 million. The company's new investors, led by New Hampshire-based Tuckerman, now own 69.7% of issued and outstanding common shares.
8 August 2013•4 mins read
