# Mill Point completes carve-out of Pioneer Transformers for $68M

Mill Point Capital has completed the carve-out of the power transformers division of Pioneer Power Solutions for $68 million. The division engineers and assembles specialty electrical transformers.

- Type: Acquisition
- Announced: 2019-08-19
- Where: United States
- Value: $68.0M
- Status: completed
- Products: specialty electrical transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [peprofessional.com](https://peprofessional.com/2019/08/19/), 2019-08-19: "Mill Point Capital has completed the carve-out of the power transformers division of publicly traded Pioneer Power Solutions for $68 million."

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