TriWest’s Innova buys Global Power Equipment's Braden
Innova Global Ltd has bought the shares of Braden, a gas turbine auxiliary equipment specialist, from U.S.-based Global Power Equipment Group. Terms weren't disclosed for the acquisition, which includes Braden Manufacturing, Consolidated Fabricators and Braden-Europe. Innova, a Calgary-based provider of emissions and noise control solutions, said the deal will expand its reach into markets in Europe, China, the Middle East and North Africa. Innova was acquired by Canadian private equity firm TriWest Capital Partners in 2015. Earlier this year, the company acquired the intellectual property assets of Express Integrated Technologies.
12 October 2017•4 mins read
