Solid State Plc Acquires Custom Power LLC

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.

AB CarVal Acquires SolAmerica Energy

March 24, 2023

Energy

Funds managed by AB CarVal Investors L.P. acquired 100% of SolAmerica Energy Holdings, LLC, a developer and EPC provider of distributed solar and energy storage projects. The SolAmerica management team, led by CEO Tully Blalock, will remain in place as AB CarVal provides capital and resources to accelerate the company's project development, construction, and deployment across the U.S.

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.

LDC Invests in Power Saving Solutions

December 18, 2024

Renewable Energy

LDC, the private equity arm of Lloyds Banking Group, has made a significant growth investment in Mansfield-based Power Saving Solutions to support product development, manufacturing expansion and diversification into new end markets. The investment will back the existing management team and fund R&D, manufacturing capacity increases and commercial growth across sectors such as construction, transport and utilities.

ArcLight Capital Partners Acquires Advanced Power

July 24, 2025

Energy

ArcLight Capital Partners has acquired Advanced Power and committed an initial $1 billion equity investment to accelerate development of modern power infrastructure. The partnership could deploy more than $5 billion over five years to support over 20 GW of new generation and 10+ GWh of storage, targeting utilities, data center developers and hyperscalers across North America.

SOLV Holdings (Ambassador Enterprises affiliate) Acquires Custom Sound Designs (CSD)

May 10, 2022

Professional Services

SOLV Holdings, an affiliate of Ambassador Enterprises, has acquired Custom Sound Designs (CSD), a U.S.-based audio, visual, lighting, and acoustic design and integration firm headquartered in New Haven, Indiana. The deal keeps CSD leadership in place and is positioned as a strategic fit to support the company’s growth and legacy while providing operational and financial resources for expansion.