Harsco has divested Patterson-Kelley to SPX
Overview
| Deal Type |
Mergers & Acquisitions |
|---|---|
| Client & Transactional Partners |
Harsco Corporation Patterson-Kelley SPX Corporation |
| Our Role |
Exclusive Sell-Side Advisor Exclusive Financial Advisor |
Summary
On November 13th, 2019, KeyBanc Capital Markets, Inc. (‘KBCM’) successfully completed the sale of Harsco Industrial Patterson-Kelley (‘Patterson-Kelley’ or the ‘Company’), a division of Harsco Corporation (‘Harsco’, NYSE:HSC) to SPX Corporation (‘SPX’, NYSE:SPXC). The divestiture was part of Harsco’s portfolio transformation strategy that includes selling its Industrial Division businesses and shifting its focus to becoming a leading provider of environmental solutions.
KBCM was chosen to serve as exclusive sell-side advisor to Patterson-Kelley based on its water heating solutions expertise within our broader diversified industrials practice, relationship with Harsco and proven M&A execution capabilities.
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