Pioneer to sell transformer business to Mill Point Capital for $65.5 mln [Reuters]
Pioneer Power Solutions, Inc. (PPSI)
Last pioneer power solutions, inc. earnings: 3/28 04:05 pm
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Source: Reuters
Pioneer to sell transformer business to Mill Point Capital for $65.5 mln - PE Hub Pioneer to sell transformer business to Mill Point Capital for $65.5 mln Pioneer Power Solutions Lincoln International PRESS RELEASE FORT LEE, N.J., /PRNewswire/ — Pioneer Power Solutions, Inc. (Nasdaq: PPSI) (“Pioneer” or the “Company”), a company engaged in the manufacture, sale and service of electrical transmission, distribution and on-site power generation equipment, today announced that it has reached an agreement to sell its liquid filled and dry type transformer businesses to Mill Point Capital, a middle-market private equity firm, for $65.5 million in cash and notes. In consideration for all the assets of Pioneer Transformers Ltd. and Pioneer Dry Type Transformer Group, which includes Jefferson Electric, Inc., Bemag Transformer Inc. and Harmonics Limited LLC, Pioneer will receive $65.5 million, including $60.5 million in cash and $5 million in a seller’s note. In addition, Mill Point Capital
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PPSI
News
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- What To Expect From Pioneer Power Solutions Inc (PPSI) Q3 2024 Earnings [Yahoo! Finance]Yahoo! Finance
- Pioneer Power Reports Financial Results for Third Quarter 2024 [Yahoo! Finance]Yahoo! Finance
- Pioneer Power Reports Financial Results for Third Quarter 2024Business Wire
- Pioneer Power to Host 2024 Third Quarter Financial Results Conference Call on Monday, November 18, 2024 at 4:30 p.m. ET [Yahoo! Finance]Yahoo! Finance
PPSI
Earnings
- 11/14/24 - Miss
PPSI
Analyst Actions
- 10/31/24 - HC Wainwright
PPSI
Sec Filings
- 12/20/24 - Form 4
- 12/16/24 - Form 144
- 12/6/24 - Form 4
- PPSI's page on the SEC website