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BRIEF-Maxim Power Corp enters agreement to sell maxim power (USA) to hull street energy
December 24, 2016 / 1:33 AM / in 7 months

BRIEF-Maxim Power Corp enters agreement to sell maxim power (USA) to hull street energy

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Dec 23 (Reuters) - Maxim Power Corp

* Enters agreement to sell Maxim Power (USA), Inc. to hull street energy

* Says net proceeds to maxim after accounting for debt and transaction costs are anticipated to be $84 million

* Deal for an implied enterprise value of $106 million inclusive of anticipated working capital

* Credit suisse is acting as financial advisor to maxim for purposes of transaction

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