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Pioneer Power Solutions, Inc. Announces Sale of Pioneer Custom Electrical Products, LLC to Mill Point Capital LLC
Oct 30, 2024•over 1 year ago
Contract Type
partnership
New JerseyManufacturingEnergyRenewable Energy
Description
Pioneer Power Solutions, Inc. has sold its Pioneer Custom Electrical Products, LLC business unit to Mill Point Capital LLC for $50 million in a cash and equity transaction. As part of the transaction, Pioneer will receive a minority equity stake in Voltaris Power LLC, a new electrical power solutions platform formed by Mill Point Capital LLC.
Company Information
Company
Pioneer Power Solutions
Location
New Jersey, United States
About
Pioneer Power Solutions, Inc. is a leader in the design, manufacture, service and integration of electrical power systems, distributed energy resources, power generation equipment and mobile electric vehicle (EV) charging solutions.
Predictive Intelligence
Strategic
ML-powered predictions for Pioneer Power Solutions's next move
New JerseyManufacturingEnergyRenewable Energy