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
- Pioneer Receives Nasdaq Notification of Non-Compliance Related to Delayed Annual Report on Form 10-K [Yahoo! Finance]Yahoo! Finance
- Pioneer Receives Nasdaq Notification of Non-Compliance Related to Delayed Annual Report on Form 10-KBusiness Wire
- Pioneer Power Solutions, Inc. (NASDAQ: PPSI) had its price target lowered by analysts at Lake Street Capital from $12.00 to $9.00. They now have a "buy" rating on the stock.MarketBeat
- XTI Aerospace, VirTra, Pioneer Power Solutions among industrial movers [Seeking Alpha]Seeking Alpha
- Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
PPSI
Earnings
- 4/1/24 - Miss
PPSI
Sec Filings
- 4/23/24 - Form 8-K
- 4/2/24 - Form NT
- 4/1/24 - Form 8-K
- PPSI's page on the SEC website