Ward Leonard Energy
Ward Leonard Energy has been acquired by Houma Armature Works
Following the strategic sale of the Connecticut based defense operations of Ward Leonard to Fairbanks Morse in December 2020, the remaining operations, located in Houma, Louisiana and Houston, Texas consisted of a full spectrum of electrical equipment lifecycle support including aftermarket services, motor and generator reconditioning, remanufacturing and maintenance to both downstream petrochemical markets and oilfield industries.
Following a short process Mr. Welch, through a new operating entity, acquired the assets of WLE and will be rebranding its name back to Houma Armature Works & Supply. The company will continue its EASA and ISO9001 accreditations and is employing approximately 82 current employees.
Houma Armature Works
Carter Morse & Goodrich
Located in Southport, Connecticut, Carter Morse & Goodrich is a boutique M&A advisory firm that specializes in representing closely-held and family businesses valued between $20 million and $200 million. CMG specializes in helping owners of leading companies in unique and niche markets to plan, prepare, execute, and close successful transactions that maximize shareholder value. We fully understand and appreciate the unique dynamics of closely-held and family businesses and the importance of their legacies. While CMG provides a full range of investment banking services such as business sales and divestitures, equity and debt capital raises, acquisition services and pre-transaction advisory services, our primary focus is representing sellers who are pursuing their once-in-a-lifetime M&A transactions. For more than 30 years, the combination of our hands-on approach, senior banker attention, strategic guidance, seamless transaction execution and extensive network of domestic and international resources has enabled us to become a trusted advisor to hundreds of business owners. CMG's Broker/Dealer affiliate, Carter Capital Corporation, is a FINRA member firm registered with the SEC and SIPC. For more information, please visit us online at: www.cartermorse.com
203-349-8372
rgoodrich@cartermorse.com
http://www.cartermorse.com