Chamberlain Hrdlicka Represents Amran Instrument Transformers and Narayan Powertech in $462 Million Sale of Businesses to Standex International Corporation

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HOUSTON--(BUSINESS WIRE)--Oct 29, 2024--

Chamberlain Hrdlicka ’s M&A team, led by David Sheinbein, represented privately-held US-based Amran Instrument Transformers and India-based Narayan Powertech Pvt. Ltd ("Amran/Narayan Group") in two simultaneous sale transactions to Standex International Corporation (NYSE: SXI).

With manufacturing locations in the United States and India and customers in more than 60 countries, Amran/Narayan Group is a leading manufacturer and distributor of low-voltage and medium-voltage instrument transformers and other products focused on the electrical grid, smart grid technology, data centers, and renewable energy systems. The company’s products are used in many electrical grid applications, supporting manufacturing, refining and other industries.

The acquisitions are the largest in Standex’s history, with a combined enterprise value of approximately $462 million, and will complement and diversify Standex Electronics’ existing portfolio. Amran/Narayan Group's founders and leadership team will remain involved in the combined company and support integration efforts, innovation, and future growth.

“Working with Chamberlain Hrdlicka on these complex transactions has been invaluable,” said Bhargav Shah, Founder and President of Amran Instrument Transformers. “David and his M&A team worked tirelessly, providing indispensable support and strategic guidance at every stage to help us complete the transactions while working to best protect our interests. We could not have asked for a more committed and knowledgeable partner in reaching this major milestone for our companies."

“We were thrilled to have assisted the Amran/Narayan Group in negotiating and closing these transactions,” said Sheinbein, shareholder in Chamberlain Hrdlicka’s Corporate, Securities & Finance practice. “This project was a complete team effort and further demonstrates the skill and expertise of our M&A, tax, Intellectual Property, employee benefits and labor & employment groups. We were able to address unique sale-side challenges presented by a simultaneous disposition of two assets in different parts of the world and achieve an outcome that aligns with our clients’ strategic goals.”

Chamberlain Hrdlicka’s attorneys Amy Moss, Greg Henson, Jack Li and William Cowan assisted with the transaction.

About Chamberlain Hrdlicka

Chamberlain Hrdlicka is a diversified business firm with offices in Atlanta, Houston, Philadelphia and San Antonio. The firm represents both public and private companies, as well as individuals and family-owned businesses across the nation. The firm offers counsel in mergers and acquisitions, appellate law, bankruptcy, commercial and probate litigation, construction law, corporate, employee benefits, energy and maritime law, ERISA, estate planning and administration, intellectual property, international and immigration law, labor and employment, privacy and data security, real estate, securities and finance, tax controversy and tax planning.

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CONTACT: Ania Czarnecka, Ward for Chamberlain Hrdlicka

[email protected]

713-351-9165

KEYWORD: TEXAS UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: OTHER PROFESSIONAL SERVICES PROFESSIONAL SERVICES BUSINESS FINANCE

SOURCE: Chamberlain Hrdlicka

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PUB: 10/29/2024 03:15 PM/DISC: 10/29/2024 03:17 PM

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