January 2025— SGB-SMIT Group (“SGB-SMIT”), a leading independent transformer manufacturer that manufactures capital goods for power supply and is a global market leader with its products, has entered into an agreement to acquire Southwest Electric Co. (“Southwest Electric”), an electrical component manufacturer and service provider. England & Company served as SGB-SMIT’s exclusive financial advisor in connection with this transaction, which is expected to close in the first quarter of 2025.
SGB-SMIT is headquartered in Regensburg, Germany, and operates 14 locations across eight countries. SGB-SMIT and its affiliate OTC Services in Louisville, Ohio, have served the U.S. market for decades with small, medium, and large power transformers and related services.
Founded in 1946 and based in Oklahoma City, Southwest Electric specializes in electrical components, transformers, and services for the oil and gas, utilities, wind power, and data center sectors. The company also operates facilities in Tulsa, Oklahoma; Nashville, Tennessee; and Louisville, Ohio.
This acquisition is a strategic fit for both companies, with Southwest Electric enhancing SGB-SMIT’s service staff and complementing its portfolio with specialized transformer and switchgear manufacturing.
About SGB-SMIT Group
Utilities and industrial engineers worldwide trust the products of SGB-SMIT Group. Founded in 1913, the company has offices in Germany, the USA, Malaysia, the Netherlands, Romania, the Czech Republic, India, China, South Africa, and France. SGB-SMIT Group is the leading medium-sized manufacturer of transformers in Europe and is recognized as the pure-play transformer specialist with the highest customer dedication. To learn more, please visit: www.sgb-smit.com.
About Southwest Electric Co.
Southwest Electric Company is an electrical services and equipment provider for energy generation companies and various industrial markets. The company offers multiple services, including engineering and design for custom product development, national field service, preventive maintenance, in-house repair, and specialty OEM logistical services. To learn more, please visit: www.swelectric.com.