Irving Place Capital's Chromalox acquires ProTrace Engineering
U.S. thermal technology business Chromalox has acquired ProTrace Engineering Inc, a Calgary-based provider of specialized electrical engineering services to the oil and gas industry. The financial details of the transaction were not released. Chromalox, which has its headquarters in Pittsburgh, Pennsylvania, said the acquisition will give it new capabilities and help it to expand current engineering service offerings. U.S. private equity firm Irving Place Capital bought Chromalox from Sentinel Capital Partners in January 2013.
27 April 2015•2 mins read
