Mill Point Capital Forms Voltaris Power LLC by Acquiring Pioneer Custom Electrical Products and Jefferson Electric
October 30, 2024
Mill Point Capital formed Voltaris Power LLC by acquiring Pioneer Custom Electrical Products (from Pioneer Power Solutions) and Jefferson Electric (from ERMCO) through corporate carve-outs. The combination creates an electrical power solutions platform focused on switchgear, transformers, unit substations and related engineered products to serve growing end-markets such as EV charging, microgrids and data centers.
- Buyers
- Mill Point Capital LLC, Voltaris Power LLC
- Targets
- Pioneer Custom Electrical Products, Jefferson Electric
- Sellers
- Pioneer Power Solutions, Inc., Electric Research and Manufacturing Cooperative, Inc. (ERMCO)
- Platforms
- Voltaris Power LLC
- Industry
- Manufacturing
- Location
- California, United States
- Transaction Type
- Divestiture
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