Thermadyne deal complete
The
deal, which will pay $15 for each share of the company’s common stock, was
approved by Thermadyne shareholders Dec. 2.
Private equity firm Irving Place Capital has finished its purchase of Thermadyne Holdings Corp., the company announced.
The deal, which will pay $15 for each share of the welding products company’s common stock, was approved by Thermadyne shareholders Dec. 2. The company will no longer be publicly traded.
Existing company President Martin Quinn, Chief Operating Officer Terry Downes, Chief Financial Officer Steve Schumm, and global operations Executive Vice President Terry Moody are staying with Thermadyne and will become investors in it.
It was also announced that Mike McLain has joined Thermadyne as executive board chairman. McLain previously headed Aearo Technologies Inc. and DowBrands Inc.
“With our strong brands and recent new product introductions, we have exciting potential to build on and grow our market presence,” Quinn said. “With Mike McLain and Irving Place Capital on our team, I believe we can further enhance that potential and accelerate the company’s success in the global cutting and welding products market.”
Private equity firm Irving Place Capital has finished its purchase of Thermadyne Holdings Corp., the company announced.
The deal, which will pay $15 for each share of the welding products company’s common stock, was approved by Thermadyne shareholders Dec. 2. The company will no longer be publicly traded.
Existing company President Martin Quinn, Chief Operating Officer Terry Downes, Chief Financial Officer Steve Schumm, and global operations Executive Vice President Terry Moody are staying with Thermadyne and will become investors in it.
It was also announced that Mike McLain has joined Thermadyne as executive board chairman. McLain previously headed Aearo Technologies Inc. and DowBrands Inc.
“With our strong brands and recent new product introductions, we have exciting potential to build on and grow our market presence,” Quinn said. “With Mike McLain and Irving Place Capital on our team, I believe we can further enhance that potential and accelerate the company’s success in the global cutting and welding products market.”
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