M&A Deal Summary

Pioneer Power Solutions Acquires Harmonics Holdings

On January 22, 2015, Pioneer Power Solutions acquired electrical equipment company Harmonics Holdings

Acquisition Highlights
  • This is Pioneer Power Solutions’ 3rd transaction in the Electrical Equipment sector.
  • This is Pioneer Power Solutions’ 3rd transaction in the United States.
  • This is Pioneer Power Solutions’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2015-01-22
Target Harmonics Holdings
Sector Electrical Equipment
Buyer(s) Pioneer Power Solutions
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Pioneer Power Solutions

Fort Lee, New Jersey, United States
Category Company
Founded 2008
Sector Electrical Equipment
Employees143
Revenue 41M USD (2023)
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 3 of 4
Sector (Electrical Equipment) 3 of 4
Type (Add-on Acquisition) 3 of 4
State (Connecticut) 1 of 1
Country (United States) 3 of 4
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-02 Titan Energy Worldwide

Eden Prairie, Minnesota, United States

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.

Buy $7M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Pacific Power Systems Integration

Santa Fe Springs, California, United States

Pacific Power Systems Integration, Inc. is specializes in manufacturing custom electrical power distribution and control equipment, with a specific emphasis on low voltage draw-out, metal-enclosed and metal-clad switchgear.

Buy -
Mergr

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