CG Power and Industrial Solutions Divests QEI Business
August 2023 – England & Company is pleased to announce that it has recently served as exclusive financial advisor to CG Power and Industrial Solutions Limited (NSE:CGPOWER) in its divestiture of QEI, LLC (“QEI”) to HC Private Investments.
CG, based in Mumbai, India, is a global pioneering leader in the management and application of electrical energy, operating in around 85 countries. Its QEI business, headquartered in Springfield, NJ, is a pioneer in the SCADA and substation automation industry, specializing in electrical network monitoring and control systems and offering innovative hardware and software solutions. Established in 1960, QEI’s unwavering commitment to quality and customer satisfaction solidifies its position as a trusted leader in the utility and transit sectors.
“England & Company’s transaction team was instrumental in navigating us through the many complexities of this sale,” said Normand Lavoie, President of QEI, LLC. “It was extremely helpful to have a partner with in-depth knowledge of the industry, and the England team was key in ensuring our Parent Company’s interests were well-represented.”
About CG Power and Industrial Solutions Limited
CG is an engineering conglomerate based in India with a diverse portfolio of products, solutions, and services for the industrial, power, and railway industries. With a footprint and manufacturing facilities in nine countries, CG is fast emerging as a first-choice supplier of high-quality, smart electrical, industrial and consumer products and solutions worldwide.
About HC Private Investments
HC Private Investments is a private equity investment firm focused on investing in manufacturing businesses within the consumer and industrial markets. With a focus on being the first institutional investor in a business, HCPI seeks to partner with business owners, executives, and management teams to identify opportunities to remove impediments to growth, enabling companies to maximize their full value potential.