Harsco has divested Patterson-Kelley to SPX
Mergers & Acquisitions
|Client & Transactional Partners||
Exclusive Sell-Side Advisor
Exclusive Financial Advisor
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.