Market Overview

Global Power Announces Sale of Mechanical Solutions


Global Power Equipment Group Inc. (OTC:GLPW) ("Global Power" or the
"Company") today announced the sale of its Mechanical Solutions segment,
which was comprised of its Braden North America, Braden Europe and
Consolidated Fabricators ("CFI") businesses, for approximately $43.3
million in cash resulting in net proceeds of about $41 million. The
businesses were sold to Innova Global Ltd., a portfolio company of
TriWest Capital Partners. Global Power has used the net proceeds of the
sale primarily to pay down debt.

Craig Holmes and Tracy Pagliara, Co-Presidents and Co-CEOs of Global
Power, commented, "We believe Innova makes an excellent partner for
Mechanical Solutions. With Innova's support, we expect the Braden
businesses and CFI will be in a better position to grow in their
markets. In addition, the proceeds from the sale enable Global Power to
reduce debt, strengthen our other businesses and capitalize on the
market opportunities that are being presented to us."

Following a $34.0 million prepayment of debt with the proceeds from the
sale, Global Power has $27.6 million in debt and $19.6 million in cash,
of which $12.2 million was restricted.

* * *

This announcement is not an offer for the sale of securities, nor shall
it constitute an offer to sell, or the solicitation of an offer to buy,
these securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under
the securities laws of any such jurisdiction. Global Power has not
registered, and does not intend to register, any portion of this sale in
any jurisdiction, and does not intend to conduct a public offering of
these securities.

About Global Power

Global Power is a design, engineering and manufacturing firm providing a
broad array of equipment and services to the global energy and
industrial markets. Prior to the sale of Mechanical Solutions, the
Company reported in three operating segments. The Mechanical Solutions
segment designs, engineers and manufactures a comprehensive portfolio of
equipment for utility-scale natural gas turbines. The Electrical
Solutions segment provides custom-configured electrical houses and
generator enclosures for a variety of industries. The Services segment
provides lifecycle maintenance, repair, on-site specialty support,
outage management, construction and fabrication services for the power
generation, industrial, chemical/petrochemical processing and oil and
gas industries. Going forward, the Company will report in two operating
segments: Electrical Solutions and Services.

The Company provides information at its website:

About Innova Global

Innova, formerly ATCO Emissions Management, is a full service
engineering, fabrication, procurement and construction company
specializing in air and noise emissions control, acoustic consulting,
gas turbine systems, heat recovery, waste heat recovery boilers, SAGD
boilers, modular gas compression facilities, and turnkey building
solutions primarily for oil and gas, power generation and industrial
customers. Innova has 160+ employees between its offices in Calgary,
Alberta; Cambridge, Ontario; Tulsa, Oklahoma; Plymouth, Minnesota;
Albany, New York; Denver, Colorado; Houston, Texas; Pittsburgh,
Pennsylvania and now Gladstone in Australia; and 250+ employees in its
fabrication facilities in Monterrey, Mexico and St. George, UT.

Forward-looking Statement Disclaimer

This press release contains "forward-looking statements" within the
meaning of the term set forth in the Private Securities Litigation
Reform Act of 1995. The forward-looking statements include statements or
expectations regarding the Company's ability to reduce its debt, execute
its strategy, Services and Electrical Solutions to win opportunities in
their markets. These statements reflect our current views of future
events and financial performance and are subject to a number of risks
and uncertainties, including our ability to comply with the terms of our
credit facility. Our actual results, performance or achievements may
differ materially from those expressed or implied in the forward-looking
statements. Additional risks and uncertainties that could cause or
contribute to such material differences include, but are not limited to,
decreased demand for new gas turbine power plants, reduced demand for,
or increased regulation of, nuclear power, loss of any of our major
customers, whether pursuant to the loss of pending or future bids for
either new business or an extension of existing business, termination of
customer or vendor relationships, cost increases and project cost
overruns, unforeseen schedule delays, poor performance by our
subcontractors, cancellation of projects, competition for the sale of
our products and services, including competitors being awarded business
by our customers that had previously been provided by Global Power,
shortages in, or increases in prices for, energy and materials such as
steel that we use to manufacture our products, damage to our reputation,
warranty or product liability claims, increased exposure to
environmental or other liabilities, failure to comply with various laws
and regulations, failure to attract and retain highly-qualified
personnel, loss of customer relationships with critical personnel,
effective integration of acquisitions, volatility of our stock price,
deterioration or uncertainty of credit markets, changes in the economic,
social and political conditions in the United States and other countries
in which we operate, including fluctuations in foreign currency exchange
rates and the banking environment or monetary policy.

Other important factors that may cause actual results to differ
materially from those expressed in the forward-looking statements are
discussed in our filings with the SEC, including the section of the
Company's 2016 Annual Report on Form 10-K titled "Risk Factors." Any
forward-looking statement speaks only as of the date of this press
release. Except as may be required by applicable law, we undertake no
obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, and
we caution you not to rely upon them unduly.

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