Corporación EG Divested Northam Engineering

More Information See Transaction

TARGET: NorthAm Engineering
TRANSACTION TYPE: Corporate Divestiture
INDUSTRIES: Construction, Engineering, Project Management
GEOGRAPHY: Monterrey, Mexico

SITUATION

Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Corporación E.G., S.A. de C.V. ("Corporación E.G.") on the sale of NorthAm Engineering, S.A. de C.V. ("NorthAm"), one of the largest Mexican engineering and project management companies, to Foster Wheeler AG ("Foster Wheeler") a subsidiary of Wood Group.

OUTCOME

Seale professionals ran a competitive auction process, managing multiple strategic investors with experience in the engineering, procurement, construction (EPC) space.

The process resulted in the sale to Foster Wheeler AG, a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment.

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