Add-on Acquisition • Electrical Equipment

Hammond Power Solutions Acquires Micron Industries

On October 7, 2024, Hammond Power Solutions acquired electrical equipment company Micron Industries

Acquisition Context
  • This is Hammond Power Solutions’ 2nd transaction in the Electrical Equipment sector.
  • This is Hammond Power Solutions’ 2nd transaction in the United States.
  • This is Hammond Power Solutions’ 1st transaction in Illinois.

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M&A Deal Summary

Date October 7, 2024
Target Micron Industries
Sector Electrical Equipment
Buyer(s) Hammond Power Solutions
Deal Type Add-on Acquisition

Target Company

Micron Industries

Sterling, Illinois, United States
Micron Industries is a supplier of control transformers, serving OEMs and control system builders. Micron Industries was founded in 1966 and is based in Sterling, Illinois.
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Buyer Overview 1

Buyer

Hammond Power Solutions

Guelph, Ontario, Canada

Category Company
Founded 1917
Sector Electrical Equipment
Employees2,121
Revenue 788M CAD (2025)
DESCRIPTION

Hammond Power Solutions is a provider in the design and manufacture of dry-type custom electrical engineered magnetics, electrical dry-type, and cast resin transformers. Leading edge engineering capabilities, high quality products and responsive service to customers’ needs have all served to establish HPS as a technical and innovative leader in the electrical and electronic industries. Hammond Power Solutions was incorporated in 1917 and is based in Guelph, Canada.


Deal Context for Buyer #
Overall 2 of 2
Sector: Electrical Equipment 2 of 2
Type: Add-on Acquisition 2 of 2
State: Illinois 1 of 1
Country: United States 2 of 2
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-23 Mesta Electronics

Huntingdon, Pennsylvania, United States

Mesta Electronics is a provider in the design and manufacture of standard and custom active filter and induction heating products. Mesta Electronics was founded in 1977 and is based in Huntingdon, Pennsylvania.

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