M&A Deal Summary

Pioneer Power Solutions Acquires Titan Energy Worldwide

On December 2, 2014, Pioneer Power Solutions acquired electrical equipment company Titan Energy Worldwide for 7M USD

Acquisition Highlights
  • This is Pioneer Power Solutions’ 2nd transaction in the Electrical Equipment sector.
  • This is Pioneer Power Solutions’ largest (disclosed) transaction.
  • This is Pioneer Power Solutions’ 2nd transaction in the United States.
  • This is Pioneer Power Solutions’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2014-12-02
Target Titan Energy Worldwide
Sector Electrical Equipment
Buyer(s) Pioneer Power Solutions
Deal Type Add-on Acquisition
Deal Value 7M USD
Advisor(s) Forefront Capital Markets LLC (Financial)

Target

Titan Energy Worldwide

Eden Prairie, Minnesota, United States
website
Titan Energy Worldwide is engaged in the sales, service, and management of onsite power generation assets for industrial, commercial, and institutional customers. Since its founding, Titan has provided thousands of customers with advanced power generation equipment, including generator sets, automatic transfer switches and paralleling switchgear, to enable customer operations to continue uninterrupted during times of power failures or disasters. Titan has also established a professional field service organization that helps customers to maintain, repair and manage their power generation assets nationally. Titan is headquartered in Minneapolis, MN, and operates from four additional locations in Iowa, Nebraska, Miami and the New York metro area.

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Buyer(S) 1

Buyer

Pioneer Power Solutions

Fort Lee, New Jersey, United States

website

Category Company
Founded 2008
Sector Electrical Equipment
Employees94
Revenue 18M USD (2021)
DESCRIPTION

Pioneer Power Solutions is a manufacturer and seller of a broad range of specialty electrical transmission, distribution and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. Pioneer Power Solutions was founded in 2008 and is based in Fort Lee, New Jersey.

DEAL STATS #
Overall 2 of 4
Sector (Electrical Equipment) 2 of 4
Type (Add-on Acquisition) 2 of 4
State (Minnesota) 1 of 1
Country (United States) 2 of 4
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-10 Pico Electrical Equipment and Pico Metal Products

Los Angeles, California, United States

Pico is a manufacturer of low voltage switchboards, panelboards and custom electrical enclosures and is based in the greater Los Angeles metro area. It primarily serves the Southern California market from its 40,000 square foot facility.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-22 Harmonics Holdings

New Haven, Connecticut, United States

Harmonics develops, manufactures and markets its harmonics suppression technology to assist customers in countering damaging effects from 3rd harmonic current generated by heavy computer demand on power distribution systems.

Buy -
Mergr

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