• Corporate Finance Transactions

BGL Announces Global M&A Transaction in Industrials

September 01 2011

Brown Gibbons Lang & Company (BGL), the United States office of Global M&A, one of the world's leading independent M&A advisory firms, today announced the sale of 57% of the shares of Bobruisk Machine Building Plant (Bobruisk Machine) to HMS Hydraulic Machines & Systems Group plc (HMS Group) (LSE:HMSG).

Headquartered in Bobruisk, Belarus, Bobruisk Machine is a leading manufacturer of specialist centrifugal pumps and appliances in the CIS, with applications in the oil refining, petrochemical, metallurgy and mining, power generation, pulp and paper, and cement industries. The company’s products are also used for handling pure and waste waters in municipal, agricultural, and industrial water systems.

Headquartered in Moscow, Russia, HMS Group is a leading pump manufacturer and provider of flow control solutions and related services in Russia and the CIS with specialized business lines in Industrial Pumps; Oil and Gas Equipment and Projects; and Engineering. The Group’s Industrial Pumps division manufactures pumps for use in the oil and gas (extraction, transportation, and processing of oil products); power generation (thermal and nuclear); housing and public utilities; water and environment; chemical; coal; and metallurgy and mining markets. The company is a leading manufacturer of skid mounted container packaged oilfield equipment and provides engineering services, including design, installation and construction, and commissioning works on the development of complex oil and gas production and water facilities. The Group has operations in the Ukraine, Russia, and Belarus and generated revenues of $890 million and EBITDA of $159 million for the last twelve months ended March 31, 2011.

With the acquisition of Bobruisk Machine, HMS Group will enter the market for “hot cycle” oil refining pumps and related equipment, complementing its existing “cold cycle” oil refining pump business. The purchase is expected to increase the company’s market share in pump segments for oil refining, one of the largest markets for pumps in Russia, as well as for metallurgy and mining applications.

About Brown Gibbons Lang & Company

Brown Gibbons Lang & Company is a leading independent investment bank serving middle market companies and their owners throughout the U.S. and internationally. BGL’s professionals are experts in mergers & acquisitions, debt & equity placements, financial restructurings, and valuations & financial opinions. BGL is the lead U.S. shareholder in Global M&A, the world’s leading partnership of independent middle market financial advisory firms focusing on cross-border transactions. For more information, visit www.bglco.com.

About Global M&A

Global M&A is one of the world's leading independent M&A advisory firms. Specialized in the middle market, we provide support and opportunities locally and internationally for clients buying or selling companies as well as financings, corporate restructurings, and other corporate finance transactions. For more information, visit Global M&A.

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