M&A Deal Summary

Power Solutions Group Acquires Magna IV Engineering

On June 7, 2021, Power Solutions Group acquired utilities company Magna IV Engineering

Acquisition Highlights
  • This is Power Solutions Group’s 1st transaction in the Utilities sector.
  • This is Power Solutions Group’s 1st transaction in Canada.
  • This is Power Solutions Group’s 1st transaction in Alberta.

M&A Deal Summary
Date 2021-06-07
Target Magna IV Engineering
Sector Utilities
Buyer(s) Power Solutions Group
Deal Type Merger

Target

Magna IV Engineering

Edmonton, Alberta, Canada
Magna IV Engineering is a power & automation solutions provider, focusing on electrical engineering and technical field services. Magna IV Engineering design, commission, maintain, and repair power and control systems anywhere electricity is deployed. Magna IV Engineering was founded in 1982 and is based in Edmonton, Alberta.

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Buyer(S) 1

Buyer

Power Solutions Group

Tipp City, Ohio, United States
Category Company
Founded 2006
Sector Business Services
DESCRIPTION

Power Solutions Group is a NETA-accredited power & automation solutions provider, focused on timely innovative solutions to create safe high-powered electrical systems. Power Solutions’ engineers and technicians have years of experience in detecting, preventing, troubleshooting, and solving a wide variety of power distribution issues in the industrial world through testing, new technology, and custom switchgear fabrication. Power Solutions Group was founded in 2006 and based in Tipp City, Ohio.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Merger) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
Mergr

Product

Company

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