M&A Deal Summary

Spire Power Solutions Acquires V&F Transformer

On August 12, 2021, Spire Power Solutions acquired electrical equipment company V&F Transformer

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

M&A Deal Summary
Date 2021-08-12
Target V&F Transformer
Sector Electrical Equipment
Buyer(s) Spire Power Solutions
Deal Type Add-on Acquisition

Target

V&F Transformer

Elgin, Illinois, United States
V&F Transformer is a manufacturer of custom dry-type transformers and magnetic components for electrical power management and power distribution equipment in high-growth end markets including Data Centers, Electric Vehicle/Battery, and Industrial Automation. V&F’s engineering first approach enables industry-leading product performance for mission-critical and highly demanding applications. V&F Transformer is based in Elgin, Illinois.

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Buyer(S) 1

Buyer

Spire Power Solutions

Athens, Georgia, United States
Category Company
Founded 2019
Sector Electrical Equipment
DESCRIPTION

Spire Power Solutions brings together a wide range of transformers and power solutions to serve utility, renewable energy, public power, commercial, and industrial markets across North America. With rapid response times and over 100 years of operations and engineering expertise, Spire delivers a complete range of proven products, services, and support tailored for customers’ success. Spire Power Solutions was formed in 2019 and is based in Athens, Georgia.

DEAL STATS #
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 (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-22 Power Partners

Athens, Georgia, United States

Power Partners, Inc. is a designer and manufacturer of high-quality pole-mount and pad-mount power transformer products for an investor-owned utility, public power, industrial and commercial OEMs and international customers. Products include single-phase and three-phase pole-mount transformers, large-format pole-mount transformers and single-phase pad-mount transformers. Power Partners, Inc. is headquartered in Athens, GA, and has been a reliable partner to its customers since its founding in 1958.

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