GCA Altium advises Howden on the acquisition of Peter Brotherhood
Based in Glasgow, Scotland, Howden has over 160 years of heritage as a world-class application engineering and manufacturing company with a presence in 34 countries. Howden manufactures highly engineered fans, compressors, heat exchangers, steam turbines, and other air and gas handling equipment, and provides service and support to customers around the world in highly diversified end-markets and geographies. Since October 2019, Howden has been a portfolio company of KPS Capital Partners.
Peter Brotherhood was founded in 1867 in Peterborough, UK. Its steam turbines recover energy from waste heat, improve efficiency for customers and reduce customers’ carbon footprint. Peter Brotherhood has a global installed base of equipment, with power outputs of up to 40MW.
The Peter Brotherhood acquisition further expands Howden’s technologies and capabilities in delivering environmental and energy technology solutions to its customers. Specifically, this acquisition expands Howden’s steam turbine product range to include larger scale, multi-stage technology offerings. With this acquisition, Peter Brotherhood’s customers will now have access to Howden’s global network, which offers a wider range of products and services as well as additional specialist application engineering expertise.
Ross B Shuster, CEO of Howden, said: “We are pleased to finalise our agreement with Avingtrans Plc and to welcome the Peter Brotherhood team to Howden. Peter Brotherhood has a rich heritage and global reputation in the steam turbine industry. The company’s culture, technologies and capabilities of the team are an excellent fit with Howden. The acquisition will allow our combined global customer base access to our combined technologies, engineering expertise and service capabilities.”
Adam Sivner, Director at GCA Altium, said: “We are delighted to have advised Howden on its highly complementary acquisition of Peter Brotherhood. This transaction is a further example of GCA Altium advising global engineering leaders and we wish the team at Howden every success in the future.”