Lithion Power Group Acquires Aved Electronics

Value Added Distributors Acquires L.T.L. Supply

December 10, 2025

Manufacturing

Value Added Distributors (VAD), a PE-backed distributor and fabricator, has acquired L.T.L. Supply, a family-operated wire harness and electrical-assembly manufacturer based in Green Bay, Wisconsin. The add-on expands VAD's manufacturing capabilities and electrical solutions offering, bolstering its service to specialty vehicle OEMs and other mobile fluid power customers; Rotunda Capital Partners, VAD's private equity backer, supported the platform strategy.

Soteria Battery Innovation Group Acquires Assets of Voltaplex

January 18, 2023

Energy

Soteria Battery Innovation Group has acquired the assets of Voltaplex to form the core of a new battery material, cell and pack distribution division and to expand Soteria’s international presence. The deal brings Voltaplex’s capabilities in 18650 cell distribution and custom cylindrical cell pack design into Soteria’s battery-safety-focused consortium and licensing platform.

Winnebago Industries Acquires Lithionics Battery

March 27, 2023

Manufacturing

Winnebago Industries has agreed to acquire Lithionics Battery, a Clearwater, Florida-based lithium-ion battery solutions provider to the recreational equipment and specialty vehicle markets. The acquisition is intended to expand Winnebago's electrical and electrification capabilities, secure a critical supply chain component, and accelerate product innovation across its RV, marine and specialty vehicle brands.

Advanced Energy Completes Acquisition of SL Power Electronics

April 25, 2022

Manufacturing

Advanced Energy Industries, Inc. has completed its acquisition of SL Power Electronics Corporation from Steel Partners Holdings L.P., expanding Advanced Energy's product portfolio in industrial and medical power solutions. The deal is expected to be accretive to earnings, generate cost synergies, and broaden Advanced Energy's addressable market by more than $400 million.

Avnan Capital Ltd. Acquires Falcon Electric, Inc.

February 10, 2025

Manufacturing

Avnan Capital Ltd., a Mississauga-based investment firm focused on electronics design and manufacturing, has acquired Falcon Electric, Inc., a California manufacturer of industrial- and military-grade UPS systems and frequency converters. BMI Mergers & Acquisitions advised Falcon Electric on the sale; Avnan said the acquisition will support Falcon Electric's continued growth and align with its strategy to invest in technology-driven electronics companies.

Lyten Acquires Northvolt's BESS Product Portfolio

July 28, 2025

Renewable Energy

Lyten announced it has secured more than $200 million in additional equity (primarily from existing investors) and acquired the rights to Northvolt's Battery Energy Storage System (BESS) product portfolio, including Voltpack Mobile Systems (VMS) and Voltrack. Core members of Northvolt's energy storage engineering team will join Lyten in Stockholm, and Lyten plans to manufacture VMS and future BESS products in Gdansk, Poland with production targeted for Q4 2025.