Provider of custom industrial burners and combustion systems for high-temperature, high-efficiency, low NOx and low CO2 applications
Delancey Street Partners is pleased to announce that Bloom Engineering Holdings, Inc. (“Bloom” or the “Company”), a portfolio company of Caledonia Private Capital (“Caledonia”), has been acquired by Wabtec Corporation (NYSE: WAB) (“Wabtec”). Delancey Street Partners served as exclusive financial advisor to Bloom, managed a competitive M&A process, and negotiated the terms of the transaction.
December 2024
Bloom Engineering Holdings, Inc.
Sale to Wabtec Corporation (NYSE: WAB)
Sector: Industrial & Industrial Technology
Delancey Street Partners served as the exclusive financial advisor to Bloom Engineering Holdings, Inc. and Caledonia Private Capital
Delancey Street Partners is pleased to announce that Bloom Engineering Holdings, Inc. (“Bloom” or the “Company”), a portfolio company of Caledonia Private Capital (“Caledonia”), has been acquired by Wabtec Corporation (NYSE: WAB) (“Wabtec”). Delancey Street Partners served as exclusive financial advisor to Bloom, managed a competitive M&A process, and negotiated the terms of the transaction.
December 2024
Bloom Engineering Holdings, Inc.
Sale to Wabtec Corporation (NYSE: WAB)
Sector: Industrial & Industrial Technology
Delancey Street Partners served as the exclusive financial advisor to Bloom Engineering Holdings, Inc. and Caledonia Private Capital
Founded in 1934 and headquartered in Pittsburgh, PA, Bloom is a leading provider of custom industrial burners and combustion systems for high-temperature, high-efficiency, low NOx and low CO2 applications. The Company’s burners and combustion systems are used in steel and aluminum production furnaces and other complex industrial process heating applications.
Bloom is a global company with employees and offices in the United States, Germany, India, and China. The Company has been awarded more than 80 U.S. and foreign patents for advances in combustion and furnace technology and continues to hold innovation as a core value.
Caledonia Investments plc is a self-managed investment trust company listed on the London Stock Exchange with net assets of approximately £3.0bn (as of Dec 2024). Caledonia Investments maintains a concentrated portfolio of international quoted, private and fund investments. In the private capital arena, Caledonia Private Capital typically seeks to invest £50m to £150m in private companies, either on a majority or minority basis, where Caledonia provides flexible capital and enduring support to investee company management teams over the longer term.
Wabtec is a leading global provider of equipment, systems, digital solutions and value-added services for the freight and transit rail industries, as well as the mining, marine, and industrial markets. Wabtec has been a leader in the rail industry for over 150 years and is the worldwide leader in the decarbonization of freight rail. Wabtec is headquartered in Pittsburgh, PA.
Delancey Street Partners is an independent, industry-focused investment bank. We serve CEOs, Entrepreneurs, Shareholders, and Boards of Directors of high growth and middle market private and public companies. Our services include strategic advisory, capital raising, and independent board advice. We advise on sell-side and buy-side M&A, growth capital financings, and recapitalizations. Our focus sectors include Business Services & Technology, Healthcare, Industrial & Industrial Technology, and Infrastructure. We form long-term partnerships with our clients and commit to managing each engagement with senior professionals who bring years of experience and insight.
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161 Washington Street
Suite 580
Conshohocken, PA 19428