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OpenGate Capital acquires power transformers maker Power Partners

OpenGate Capital, a global private equity firm, has acquired Power Partners, Inc., a US-based manufacturer of power transformers from the holders of the capital stock of PPI Inc., a manufacturing company with a portfolio of related holdings. No financial terms of the transaction were not disclosed. Power Partners manufactures overhead, round tank, and submersible distribution transformers and adsorption chillers to customers in the US, Mexico and in the Caribbean. Founded in 1958, Power Partners has produced over 8.5 million transformers and is a highly regarded name in the transformer industry.

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PE Deals,OpenGate Capital,Power Partners,power transformers