Mill Point Capital Affiliate Acquires Power Transformer Business

FRANKLIN, WI – August 16, 2019 – An affiliate of Mill Point Capital, a private equity firm focused on middle-market investments in North American industrial and business services companies announced the completion of Mill Point’s previously announced acquisition of the power transformer divisions (“Pioneer Transformers” or the “Company”) of Pioneer Power Solutions, Inc. in a corporate carve-out transaction. Pioneer Transformers is a leading designer and manufacturer of custom-engineered electrical transformers.