HY-BON, a vent gas management specialist, announced that the company has entered into an agreement with Regal Beloit Corporation to acquire 100% of the stock of HY-BON from Pfingsten Partners (HY-BON’s private equity partner since June 2009). With Pfingsten as a partner, the firm increased its Vent Gas Management range of products and services, expanded its service center footprint to eight locations nationwide, and added EDI’s natural gas engine VRUs and control technology to our team.
Regal is a $3.2-billion publicly traded company that designs and manufacturers electric motors, mechanical power transmission products, electric generators and custom variable frequency drives. Regal has presence in the oil and gas space through its Unico subsidiary, which designs and manufactures variable frequency drives, linear rod pumps, and gas-powered lifts for artificial lift applications.
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