On Feb. 1, 2017, Broadwind Energy Inc. closed a deal to acquire Red Wolf Company based in Sanford, North Carolina.
Red Wolf is a leader in outsourced solutions and services for customers seeking enhanced productivity, improved quality, and reduced cost for assembly, test, machining & fabrication and material/inventory management. The company’s president, Kim Sutton, will stay on to lead the firm after the acquisition.
Headquartered in Cicero, Illinois, Broadwind Energy is a precision manufacturer of structures, equipment and components for clean tech and other specialized applications.
Managing Director and Supervising Principal of Generational Capital Markets Chris Heckert led the deal to a successful close.
“This is a classic example of a synergistic acquisition,” said Heckert. “Broadwind and Red Wolf complement each other in both expertise and target markets. I look forward to hearing what these two groups can do together.”
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