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M&A Deal Summary

Voltaris Acquires Pioneer Custom Electrical Products

On October 30, 2024, Voltaris acquired electrical equipment company Pioneer Custom Electrical Products from Pioneer Power Solutions for 50M USD

Acquisition Highlights
  • This is Voltaris’ 2nd transaction in the Electrical Equipment sector.
  • This is Voltaris’ largest (disclosed) transaction.
  • This is Voltaris’ 2nd transaction in the United States.
  • This is Voltaris’ 1st transaction in California.

M&A Deal Summary
Date 2024-10-30
Target Pioneer Custom Electrical Products
Sector Electrical Equipment
Buyer(s) Voltaris
Sellers(s) Pioneer Power Solutions
Deal Type Divestiture
Deal Value 50M USD

Target

Pioneer Custom Electrical Products

Santa Fe Springs , California, United States
Pioneer Custom Electrical Products is an electrical infrastructure business providing energy solutions that allow users to effectively and efficiently protect, control, transfer, monitor and manage their electrical energy usage and requirements. Pioneer Custom Electrical Products is based in Santa Fe Springs, California.

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Buyer(S) 1

Buyer

Voltaris

Goodyear, Arizona, United States
Category Company
Founded 2024
Sector Electrical Equipment
DESCRIPTION

Voltaris is a modern power solutions company. Voltaris was founded in 2024 and is based in Goodyear, Arizona.

DEAL STATS #
Overall 2 of 2
Sector: Electrical Equipment M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2024 M&A 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-30 Jefferson Electric

Dyersburg, Tennessee, United States

Jefferson Electric is a manufacturer of dry‑type low‑ and medium‑voltage transformers serving industrial, commercial, elevator, and data center markets. Jefferson Electric is based in Dyersburg, Tennessee.

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Seller(S) 1

SELLER

Pioneer Power Solutions

Fort Lee, New Jersey, United States
Category Company
Founded 2008
Sector Electrical Equipment
Employees59
Revenue 23M USD (2024)
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 2
Sector: Electrical Equipment M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2024 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-16 Spire Power Solutions

Athens, Georgia, United States

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.

Sell $68M
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