Pioneer Power Solutions to sell transformer business to Mill Point Capital for $65.5M

Pioneer Power Solutions has reached an agreement to sell its liquid filled and dry type transformer businesses to Mill Point Capital for $65.5 million in cash and notes. The sale includes Pioneer Transformers Ltd., Jefferson Electric, Bemag Transformer and Harmonics Limited.

“Pioneer Power Solutions, Inc. today announced that it has reached an agreement to sell its liquid filled and dry type transformer businesses to Mill Point Capital”prnewswire.com

• 1 source
• prnewswire.comPioneer Reaches Agreement to Sell Transformer Business for Approximately $65 MillionPioneer Power Solutions, Inc.Jul 1, 2019

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