# 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.

- Type: Acquisition
- Announced: 2019-07-01
- Where: United States
- Value: $65.5M
- Status: announced
- Products: liquid filled transformers, dry type transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Pioneer Power Solutions](https://endata.com/companies/866.md)
- [Mill Point Capital](https://endata.com/companies/4840.md) (acquirer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/pioneer-reaches-agreement-to-sell-transformer-business-for-approximately-65-million-300878316.html), 2019-07-01: "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"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.