Hadley Capital Acquires Pneumatic Conveying, Inc.
February 28, 2017
Hadley Capital, a private investment firm, has acquired Pneumatic Conveying, Inc. (Pneu-Con), a California-based designer and manufacturer of turnkey pneumatic conveying and dry bulk material handling systems. The business was purchased from founder Wayland Gillespie in partnership with his son Warren Gillespie; Hadley and Warren plan to build on Pneu-Con’s engineering and manufacturing capabilities going forward.
- Buyers
- Hadley Capital
- Targets
- Pneumatic Conveying, Inc.
- Sellers
- Wayland Gillespie, Warren Gillespie
- Industry
- Manufacturing
- Location
- California, United States
- Transaction Type
- Buyout
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