Mergers & Acquisitions

JLL Partners Acquires PowerParts Group

7369 PowerParts Group - JLL Partners NT

M&A Engagement Overview

Industry Group: Industrials
Areas of Focus: Engineered Equipment, Products and Components; Industrial Technology

Harris Williams advised JLL Partners on their acquisition of PowerParts Group, a portfolio company of Mangrove Equity Partners.

The power generation sector needs trusted suppliers to sustain the fleet of mission-critical power generation assets. PowerParts Group plays an integral role in supporting the maintenance of these resources in a period of unprecedented electricity demand.

PowerParts Group is a leading aftermarket provider of mission-critical, ultra-high-precision replacement parts supporting both scheduled and emergency outages of gas and steam turbines for the power generation sector.

PPG’s precision products and field services are essential for proper turbine function and are enhanced by the company’s unique expertise in designing and manufacturing tight-tolerance parts that help operators complete outages on schedule and on budget.

Building on JLL’s longstanding experience in sponsoring growth for highly engineered component suppliers in critical end markets, PPG will serve as the base of a new engineering-centric power generation components platform with compelling organic and inorganic growth opportunities.

Contact the Harris Williams Industrials Group to learn more about this client engagement.