Avail Infrastructure Solutions Transfers Electrical Products Group to nVent Electric for $975 Million

Avail Infrastructure Solutions Completes Sale of Electrical Products Group

In a landmark move demonstrating strategic growth, Avail Infrastructure Solutions, a subsidiary of the Fernweh Group, has announced the sale of its Electrical Products Group (EPG) to nVent Electric PLC. The transaction, valued at approximately $975 million, is expected to be finalized in the first half of 2025, pending customary adjustments and completion of standard closing conditions.

Jeremy Hoffman, President of EPG, expressed optimism about this acquisition, stating, "This is a crucial step in solidifying EPG's position as a leading provider of electrical products." He emphasized that the partnership with nVent will enhance the EPG brand, fostering significant value for customers and stakeholders alike. Under nVent's ownership, EPG aims to deliver cutting-edge electrical products and solutions, particularly in growing sectors like data centers and utilities.

The announcement highlights a pivotal moment for EPG, marking the culmination of its transformation since it was acquired by Avail back in 2022. Siddarth Madhav, President of the Fernweh Group, elaborated on this development, commenting on the effective partnership that facilitated EPG's growth and emphasizing their commitment to innovation and operational efficiency.

The transaction not only signifies a bright future for EPG but also acknowledges the contributions made by its employees. Tom Ferguson, CEO of AZZ, and Nick Santhanam, CEO of Fernweh, expressed their appreciation for the hard work of EPG's team during this transition.

As they move forward, both Avail and Fernweh are committed to ensuring a seamless transition for EPG's employees, estimated at around 1,100 individuals, and their clients. Having already secured approval from the relevant regulatory bodies, the two firms will cooperate closely with nVent to facilitate this process.

About EPG

The Electrical Products Group has established itself as a vital player in the industry, offering specialized products and solutions aimed at supporting essential industrial and electrical applications. EPG's array of products includes custom switchgear, electrical enclosures, and a variety of bus ducts – all critical components in ensuring the safe and reliable transmission of power.

The Role of Fernweh Group

Fernweh Group LLC is recognized for its commitment to enhancing mid- and small-cap industrial and technology sectors through strategic partnerships and operational transformations. The firm, led by veterans from global institutions, focuses on turning businesses into engines of economic growth.

AZZ Inc. and Its Impact

AZZ Inc., as another key player, provides unmatched metal coating solutions critical to several end markets. The collaboration between AZZ and Fernweh has significantly influenced the positioning of Avail in the marketplace, ensuring a beneficial development trajectory for all involved parties.

In conclusion, the successful sale of EPG to nVent Electric opens up fresh opportunities for innovation and growth, setting the stage for the future of electrical products in a booming market. As this new chapter unfolds, stakeholders and employees look forward to the benefits this acquisition promises to bring.