(Source: Business Wire)
McGladrey Capital Markets is pleased to announce that it acted as the
exclusive financial advisor to the shareholders of Industrial Process
Machinery in its successful sale to Siemens Water Technologies Corp.
Transaction terms were not disclosed.
"The acquisition of Industrial Process Machinery by Siemens Water
Technologies is a testament that deals can be facilitated during times
of extremely challenging market conditions," said Paul Bodet, vice
president at McGladrey Capital Markets' Technology Group.
About Industrial Process Machinery
Industrial Process Machinery is a global supplier of high quality,
reliable, and ruggedly constructed fully automatic filter and roll
presses. These presses are used by the world's major mining companies to
dewater mining concentrates in support of, but not limited to, copper,
zinc, lead, and nickel mining operations. Although primarily used for
dewatering mining slurries, the Company's filter press designs have been
customized by the Company for dewatering end uses in the corn wet
milling, chemical, and tobacco industries.
About Siemens Water Technologies Corp.
Siemens Water Technologies Corp. is a division of the global industrial
giant Siemens AG and provides industrial, municipal, commercial, and
consumer water and wastewater treatment systems, products, and services.
About McGladrey Capital Markets
McGladrey Capital Markets LLC (www.mcgladreycm.com)
is a global provider of investment banking services to private and
public companies with annual revenues of up to $1 billion. The firm's
services include mergers, acquisitions, divestitures, recapitalizations,
capital raising, fairness opinions and restructurings. McGladrey Capital
Markets, which offers in-depth expertise in 13 distinct industry
sectors, brings together companies, capital and creativity on a national
and international scale to help clients achieve their personal and
strategic objectives.
McGladrey Capital Markets is affiliated with RSM McGladrey Inc., a
professional services firm providing accounting, tax and business
consulting. Both firms are indirect subsidiaries of H&R Block Inc.
(NYSE: HRB), the world's preeminent tax services provider.
McGladrey Capital Markets is also a member of RSM International, a
worldwide network of professional services firms. McGladrey Capital
Markets' international headquarters are located in Costa Mesa, Calif.
The firm is a member of FINRA.
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