Cantega Technologies and Reliaguard Acquired by Hubbell Incorporated
December 19, 2019 – England & Company served as the exclusive financial advisor to Cantega Technologies, Inc. (“Cantega”) and Reliaguard, Inc. (“Reliaguard”) in their sale to Hubbell Power Systems, Inc., a subsidiary of Hubbell Incorporated (NYSE: HUBB).
Cantega is a leader in highly engineered precise fit cover up solutions to prevent wildlife caused power outages within utility substations. Reliaguard, an affiliated entity of Cantega, provides high performance wildlife mitigation products for overhead electric distribution networks. Together, Cantega and Reliaguard, provide utilities with a comprehensive wildlife mitigation solution for substation and overhead distribution networks.
“We are extremely pleased with the outcome of this transaction. The acquisition by Hubbell will expand the reach of Cantega’s best in class solution,” said Brent Stankowski, CEO of Cantega. “England & Company did an exceptional job identifying the right strategic partner. Their team played an instrumental role in structuring this transaction and then getting it completed. We received partner-level attention and excellent support from their entire team.”
Cantega was founded in 2001 by Marty Niles, a power lineman with more than 25 years of experience in the electric utility industry. Today, Cantega is a rapidly growing company protecting more than 700 substations across North America from animal-related outages. Cantega is located in Edmonton, Alberta, Canada and
Foothills Ranch, California.
About Hubbell Power Systems, Inc.
Hubbell Power Systems, Inc. (“HPS”) is a subsidiary of Hubbell Incorporated and an international manufacturer of quality transmission, distribution, substation, OEM and telecommunications products for a broad range of non-residential and residential construction and electric, gas and water utility applications. HPS operates manufacturing facilities in the United States and around the world. The HPS headquarters is located in Columbia, South Carolina.
About England & Company
With offices in Houston, New York, and Washington, DC, England & Company is an independent investment bank dedicated to serving middle-market companies. Since its founding in 2003, the firm has provided comprehensive advice on mergers and acquisitions, private capital raising, financial restructuring, fairness opinions, and other strategic initiatives to the executive teams, boards of directors, and financial sponsors of public and private companies.
Investment banking services are provided by England Securities LLC, a registered broker-dealer and member of FINRA and SIPC.