CG POWER AND INDUSTRIAL SOLUTIONS DIVESTS QEI BUSINESS
September 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.”